Anne Wojcicki has a new offer to take 23andMe private, this time for $74.7 million

Core Viewpoint - 23andMe is facing a proposal from CEO Anne Wojcicki and New Mountain Capital to take the company private at a price of $2.53 per share, following a significant decline in stock value over the past year [1][2]. Group 1: Proposal Details - The acquisition offer values 23andMe at approximately$74.7 million, with the stock closing at $2.42, indicating a market cap of about$65 million [1]. - The proposal aims to provide immediate liquidity and compelling value to public stockholders, as stated by Wojcicki and New Mountain's president [4]. Group 2: Company Background - 23andMe has experienced a turbulent year, with its stock losing over 80% of its value in 2024, prompting the company to explore strategic alternatives [2]. - A special committee of independent directors has been established to evaluate potential paths forward, including the current proposal [3]. Group 3: Previous Proposals and Financing - Wojcicki's earlier proposal in July to take the company private at 40 cents per share was rejected due to lack of committed financing and insufficient premium [5]. - New Mountain is prepared to provide secured debt financing to support 23andMe's operations through the transaction's closing [6].