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23andMe goes public as US$3.5B company with Branson aid
Kristen V. Brown, Bloomberg News A 23andMe Ancestry + Traits Service DNA kit arranged in Dobbs Ferry, New York, U.S., on on Sunday, Jan. 31, 2021. Consumer DNA-testing company 23andMe Inc. is in talks to go public through a roughly $4 billion deal with VG Acquisition Corp., a special purpose acquisition company founded by billionaire Richard Branson, according to people familiar with the matter. , Bloomberg
Consumer DNA-testing company 23andMe Inc. has entered into a deal to merge with VG Acquisition Corp., a special purpose acquisition company founded by billionaire Richard Branson.
The agreement values the Silicon Valley company at US$3.5 billion, with Chief Executive Officer Anne Wojcicki and Branson each investing US$25 million into a US$250 million private investment in public equity offering. Bloomberg News reported news of a potential deal last week.