- Title: US genetic testing company 23andMe files for bankruptcy
- Date: 25th March 2025
- Summary: US genetic testing company 23andMe files for bankruptcy SHOTLIST: SUNNYVALE, CALIFORNIA, US (MARCH 25, 2025) (ANADOLU - ACCESS ALL) 1. EXTERIOR SHOT OF 23ANDME HEADQUARTERS IN SUNNYVALE 2. CORPORATE SIGNAGE OF 23ANDME 3. EXTERIOR SHOT OF 23ANDME HEADQUARTERS IN SUNNYVALE (TWO SHOTS) 4. CORPORATE SIGNAGE OF 23ANDME 5. EXTERIOR SHOT OF 23ANDME HEADQUARTERS IN SUNNYVALE SCRIPT American DNA testing company 23andMe on Sunday, March 23, announced that it has voluntarily initiated Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Missouri. 23andMe stated that the decision was made to facilitate a sale process aimed at maximizing the company's value. “After a thorough evaluation of strategic alternatives, we have determined that a court-supervised sale process is the best path forward to maximize the value of the business,” said Mark Jensen, Chair and member of the Special Committee of the Board of Directors. Despite the filing, the company emphasized that its operations will continue "in the ordinary course", assuring customers that there will be no changes to how their data is stored, managed, or protected. "We remain open for business, and there are no changes to the way we store, manage or protect customer data," the company reiterated in a statement on X (formerly Twitter).
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