Bankrupt 23andMe's DNA data gets nod for sale as concerns linger [BNN Bloomberg (Canada)]
23andMe Holding Co. (ME)
Company Research
Source: BNN Bloomberg
Under the sale procedures, the company set quick deadlines for potential bidders, including May 7 when definitive offers are due, and a final hearing the following month. But U.S. Bankruptcy Judge Brian C. Walsh required the company to slow the overall pace by two weeks, in part to accommodate his schedule and in part to give creditors a chance to weigh in before the court makes a final decision on a buyer. “My overall reaction to the timeline is that it's pretty tight,” Walsh said at the company's first bankruptcy hearing, held in St. Louis. At his request, the company agreed to push back the final court hearing for possible sale from June 2 to June 17. Walsh's ruling didn't resolve concerns raised by the looming auction of the sensitive data or com
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ME
News
- 23andMe's failure shows how risky it can be to invest in a SPAC [Yahoo! Finance]Yahoo! Finance
- Bankrupt 23andMe's DNA Data Gets Nod for Sale as Concerns Linger [Yahoo! Finance]Yahoo! Finance
- 23andMe Confirms All Potential Buyers Must Agree to Comply With Privacy Policy and Applicable LawGlobeNewswire
- The battle for 23andMe's DNA customer data [Yahoo! Finance Canada]Yahoo! Finance Canada
- 23andMe stock plunges following bankruptcy, CEO exit [Yahoo! Finance Canada]Yahoo! Finance Canada
ME
Sec Filings
- 3/28/25 - Form 8-K
- 3/27/25 - Form SCHEDULE
- 3/26/25 - Form 3
- ME's page on the SEC website