ANNE WOJCICKI WINS BIDDING FOR 23ANDME

Summary from the TLDR newsletter

Anne Wojcicki, co-founder and former CEO of 23andMe, has been named as the new buyer for the company's assets. Biotech company Regeneron won the bidding last month during a bankruptcy auction but bidding reopened earlier this month after Wojcicki's nonprofit, TTAM Research Institute, made an unsolicited offer. Regeneron declined to submit a higher bid based on its assessment of the company's value. If the sale goes through, 23andMe's equity holders could recover some of their investment in the company, a relative rarity in bankruptcy.