23andMe is undergoing a court-supervised sale of assets to protect customer data.

From GlobeNewswire: 2025-04-18 16:30:00

In a bid to protect customer data, 23andMe is undergoing a court-supervised sale of assets. The Special Committee of the Board of Directors will evaluate bids, supervised by the U.S. Bankruptcy Court. Bidders must pass regulatory reviews, including approvals under the Hart-Scott-Rodino Act. 23andMe requires bidders to comply with privacy policies and disclose intended use of customer data. A Customer Data Representative will review if transactions comply with privacy policies. The company maintains strict data privacy standards globally. For more information on the Chapter 11 filing, visit their website. Contact information is available for investor and press inquiries.



Read more at GlobeNewswire: 23andMe Provides Update Regarding Court-Supervised Sale