Popular DNA testing company 23andMe has filed for bankruptcy after multiple failed takeover bids by its CEO, petitioning the US Bankruptcy Court to be allowed to sell its assets.
Chief financial officer Joe Selsavage will take over as interim CEO from co-founder Anne Wojcicki, who resigned along with the announcement after multiple failed attempts to buy the publicly traded company.
In a statement, the California-based company said it intended to continue operating as usual through the asset sale and no changes would be made to how it stores, manages or protects its…
