23andMe CEO Anne Wojcicki files proposal to take company private as stock craters

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• 23andMe CEO Anne Wojcicki has submitted a proposal to take the genetic testing company private.
• She is prepared to acquire all of 23andMe’s outstanding shares of common stock in cash for 40 cents per share, according to a filing with the SEC on Wednesday.
• 23andMe has struggled to generate steady recurring revenue since customers only needed to take its DNA test once to get their results.

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