23andMe CEO Anne Wojcicki Offers to Take Company Private

23andMe Holding Co. Chief Executive Officer Anne Wojcicki has offered to take the struggling DNA-testing company private.

Wojcicki on July 29 proposed buying the outstanding shares of 23andMe for 40 cents each in cash, according to a filing on Wednesday. That’s in line with the stock’s last closing price. 23andMe has a market value of about $200 million.

When the company agreed to go public in 2021, it was valued at $3.5 billion. Since then, sales of DNA testing kits have slowed and the company has pivoted to offering subscription products in hopes of creating repeat customers for its consumer ...