A $35 million loan will keep 23andMe operating, and it’s not changing its data policies. But the company’s goal is to sell itself to the highest bidder, pending regulatory approval.
If you used 23andMe, your DNA data may be transferred to another company. The DNA test kit firm filed for Chapter 11 bankruptcy and is looking for a buyer.
ne Wojcicki has also resigned after an unsuccessful bid to take the company private.
The news naturally raises questions about what will happen to the DNA data of 23andMe’s 15 million customers. For now, the company says it’s making “no changes to customer data management and access.”
“In addition, we are committed to continuing to safeguard customer data and being transparent about the management of user data going forward, and data privacy will be an important consideration in any potential transaction,” says 23andMe Board Chair Mark Jensen.
Still, the bankruptcy filing and future sale are exactly what many privacy-conscious users feared could happen to 23andMe if it failed to rebound.
