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23andMe Founder Aims To Restart Auction With Major Corporate Backing
mercredi 4 juin 2025, 12:00 , par Slashdot
![]() In a filing dated May 31, Wojcicki claimed that 23andMe's debtors had attempted to tilt the sales process away from TTAM and in favor of Regeneron. TTAM and Wojcicki said in the filing that 23andMe's financial and legal advisers unfairly capped their maximum bid at $250 million due to misplaced concerns about TTAM's 'financial wherewithal.' The plaintiffs said the auction was prematurely concluded before they had the opportunity to submit a bid that would have exceeded $280 million. The company's debtors said the auction results came after an extensive and careful consideration by a four-member special committee of independent directors, according to the filing. According to another filing, 23andMe is seeking court approval to let Wojcicki and Regeneron submit final proposals by June 12. 23andMe is also seeking a $10 million breakup fee for Regeneron if Wojcicki's bid is ultimately accepted. Read more of this story at Slashdot.
https://science.slashdot.org/story/25/06/04/0243240/23andme-founder-aims-to-restart-auction-with-maj...
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