Update on 23andMe Sale – February 6, 2021

In reference to my earlier post – 23andMe Sold – February 5, 2021, I found a new article that raises some interesting questions – Why Sir Richard Branson gave 23andMe millions of dollars to go public: https://finance.yahoo.com/news/why-sir-richard-branson-gave-23-and-me-millions-of-dollars-to-go-public-173707175.html. Much longer article, but here’s some basic information. Some are questioning if 23andMe is going to continue the genealogy side of their business. I think they will as it sells a lot of kits.

Brian Sozzi·Editor-at-Large February 4, 2021

Virgin Group founder Sir Richard Branson is rocketing into the health care space by ponying up a large chunk of money to take genetic testing outfit 23andMe public in the latest splashy SPAC deal.

The risk-taking billionaire business mogul Branson told Yahoo Finance Live the deal is a “no brainer.”

“At Virgin, we try to partner with companies that make a real difference in the world like health care companies, energy companies and anything that makes a difference,” Branson said.

–snip–

https://finance.yahoo.com/news/why-sir-richard-branson-gave-23-and-me-millions-of-dollars-to-go-public-173707175.html

About Wichita Genealogist

Originally from Gulfport, Mississippi. Live in Wichita, Kansas now. I suffer Bipolar I, ultra-ultra rapid cycling, mixed episodes. Blog on a variety of topics - genealogy, DNA, mental health, among others. Let's collaborateDealspotr.com
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