23andMe rises after CEO considers taking firm private

Chrome Holding Co

18/04/2024 12:22

** Shares of genetic testing firm 23andMe  ME.O  rise 8.6%
to 38 cents premarket 
    ** Firm's CEO Anne Wojcicki is considering making an offer
to buy the company in a potential go-private deal, a regulatory
filing showed late on Wednesday 
    ** Last week, Wojcicki notified members of the board's
special committee that she would begin speaking to partners and
financing sources about a potential deal 
     ** The company went public in 2021 through a blank-check
firm, backed by Virgin Group founder Richard Branson, in a deal
that valued the merged entity at $3.5 bln
    ** Up to last close, stock down 61% YTD 

 (Reporting by Sneha S K in Bengaluru)
 ((Sneha.SK@thomsonreuters.com;))