A nonprofit founded by Anne Wojcicki is expected to acquire 23andMe after bidding $305 million in a bankruptcy auction, pending court approval. The deal raises concerns over genetic data privacy and the transfer of sensitive consumer information despite existing privacy policies. #AnneWojcicki #23andMe #geneticdata #TTAMResearchInstitute #privacy
Keypoints
- The nonprofit TTAM Research Institute bid $305 million to acquire 23andMe in a bankruptcy sale.
- The deal must be approved by a Missouri judge, who could impose restrictions on data transfer.
- There are concerns about the privacy of customer genetic data following the sale and past data breaches.
- The privacy ombudsman recommends requiring consumer consent before sharing genetic data with TTAM.
- TTAM’s nonprofit status may exempt the genetic data from certain data protection laws, raising enforcement issues.
Read More: https://therecord.media/23andme-sale-to-nonprofit-ttam-wojcicki