If 23andMe's plan to sell its assets through a Chapter 11 plan is approved by the court, the company will "actively solicit qualified bids" over a 45-day process. Wojcicki plans to pursue the company as an independent bidder, she said in her post on Monday.
23andMe has between $100 million and $500 million in estimated assets, as well as between $100 million and $500 million in estimated liabilities, according to the bankruptcy filing.
Beyond its financial woes, privacy concerns around 23andMe's genetic database have swirled in recent years. In October 2023, hackers accessed the information of nearly 7 million customers.