India, March 23 -- 23andMe Holding Co. (ME) announced that it has initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Missouri to facilitate a sale process to maximize the value of its business.
The company plans to continue operating its business in the ordinary course throughout the sale process. There are no changes to the way the Company stores, manages, or protects customer data.
The company noted that it is seeking authorization from the Court to commence a process to sell substantially all of its assets through a chapter 11 plan.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
23andMe also announced that Anne Wojcicki has resigned from her role a...