Loading...
Market
Will 23andMe be taken private by Anne Wojcicki by December 31, 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official press release from 23andMe or regulatory filings
Story
All Seven 23andMe Independent Directors Resign Over CEO's Privatization Plan
Sep 18, 2024, 02:45 PM
All seven independent directors of 23andMe have resigned from the company's board, citing a lack of progress on CEO Anne Wojcicki's proposal to take the company private. The directors expressed disappointment over Wojcicki's failure to provide an actionable proposal after five months of delays. This mass resignation follows an incomplete buyout offer that was rejected in August. Wojcicki has stated she is still committed to the privatization plan and expressed surprise and disappointment at the board's decision. The resignations come amid other challenges for 23andMe, including a recent $30 million settlement for a genetic privacy lawsuit and a significant drop in the company's stock price.
View original story
Similar markets
Yes • 50%
No • 50%
Successful privatization • 25%
Abandoned privatization plan • 25%
Privatization plan still in progress • 25%
Other outcome • 25%
Accepted as is • 25%
Revised and accepted • 25%
Rejected • 25%
Withdrawn • 25%
Successfully privatized • 25%
Plan abandoned • 25%
Plan delayed • 25%
Other • 25%
Current CFO Steve Schoch • 25%
Current COO Frances Frei • 25%
External Candidate • 25%
Other • 25%
Anne Wojcicki remains CEO • 25%
New CEO appointed from internal candidate • 25%
New CEO appointed from external candidate • 25%
Interim CEO appointed • 25%