23andMe Goes Public as $3.5 Billion Company With Branson Aid

Yahoo! Finance Feb 04, 2021 07:59 AM ET

(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 deal values the Silicon Valley company at $3.5 billion, with Chief Executive Officer Anne Wojcicki and Branson each investing $25 million into a $250 million private investment in public equity (PIPE) offering. Bloomberg News reported news of a potential deal last week.Other investors include Fidelity...