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statement.GuruFocus has detected 6 Warning Signs with ME.To help with the review, the independent Special Committee has assigned Moelis & Company LLC as financial adviser and Goodwin Procter LLP as legal counsel. The business advised that there is no assurance the procedure would result in an agreement or transaction.The news comes after a major reorganization in November 2024 when 23andMe closed its medicines branch to simplify operations and save expenses by around 40% and trimmed its personnel by about 40% With the corporation suffering up to $12 million in severance and associated expenses, the reorganization was projected to provide yearly cost savings of more than $35 million.CEO Anne Wojcicki noted at the time that the action was required to concentrate on the l","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/23andme-board-explores-strategic-alternatives-145932534.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["ME","BK4121","BK4196"],"gpt_icon":0},{"id":"2507688987","title":"23andMe Holding Begins Exploring Strategic Alternatives","url":"https://stock-news.laohu8.com/highlight/detail?id=2507688987","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507688987?lang=en_us&edition=fundamental","pubTime":"2025-01-29 16:48","pubTimestamp":1738140526,"startTime":"0","endTime":"0","summary":"23andMe Holding  said late Tuesday a special committee of its board has started exploring strategic alternatives, including a possible sale of the company or its assets, a business combination and a restructuring.The special committee has retained Moelis & Co. and Goodwin Procter as advisers, the company said.The company does not plan to disclose further updates on the process until it makes an agreement, it said.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["ME","BK4121","BK4196"],"gpt_icon":0},{"id":"2507795527","title":"23andMe Considers Sale as Cash Runs Low","url":"https://stock-news.laohu8.com/highlight/detail?id=2507795527","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507795527?lang=en_us&edition=fundamental","pubTime":"2025-01-29 07:02","pubTimestamp":1738105320,"startTime":"0","endTime":"0","summary":"23andMe is in need of cash and weighing a sale of the company.The DNA-testing company said Tuesday that it is exploring strategic alternatives, including a business combination and the sale of all or some of its assets. The company, which narrowed its loss and posted higher revenue in its fiscal third quarter, has struggled to find a profitable business model, underscoring its fall in valuation to nearly $0 from $6 billion.Shares fell 19%, to $2.77, in after-hours trading. The stock ended the regular session 1.6% higher, at $3.40, having lost more than three-quarters of its value in the past year.23andMe said it needs cash to fund its operations. The company, which is attempting to raise capital, will implement cost-cutting measures such as reducing operating expenses, negotiating terminations of its long-term leases and attempting to reach a settlement covering all U.S. customers affected by a recent cyber incident.At the end of the recent quarter, 23andMe had $79.4 million in cash an","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4196","ME","BK4121"],"gpt_icon":0},{"id":"2507527971","title":"23andMe trading resumes","url":"https://stock-news.laohu8.com/highlight/detail?id=2507527971","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507527971?lang=en_us&edition=fundamental","pubTime":"2025-01-29 06:55","pubTimestamp":1738104910,"startTime":"0","endTime":"0","summary":"17:55 EST 23andMe (ME) trading resumes Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. 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The Special Committee has engaged Moelis & Company LLC as its financial advisor and Goodwin Procter LLP as its legal advisor.There can be no assurance that the exploration of strategic alternatives will result in any agreements or transactions. 23andMe does not expect to disclose or provide an update ","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4196","BK4121","ME"],"gpt_icon":0},{"id":"2507524260","title":"23andMe Holding Q3 2025 GAAP EPS From Cont Ops $(1.02), Sales $60.26M Miss $65.00M Estimate","url":"https://stock-news.laohu8.com/highlight/detail?id=2507524260","media":"Benzinga","labels":["express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507524260?lang=en_us&edition=fundamental","pubTime":"2025-01-29 06:23","pubTimestamp":1738102994,"startTime":"0","endTime":"0","summary":"23andMe Holding (NASDAQ:ME) reported quarterly losses of $(1.02) per share.  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