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Google invests in spouse’s firm

From the Associated Press

Fresh off her marriage to Google Inc. co-founder Sergey Brin, biotechnology entrepreneur Anne Wojcicki is now wedded to the company too.

In Securities and Exchange Commission documents filed Tuesday, Google disclosed that it invested $3.9 million to obtain a minority stake in Wojcicki’s biotech start-up, 23andMe Inc.

Some of the money that Mountain View, Calif.-based Google anted up this month was used to repay $2.6 million in financing provided to 23andMe by Brin.

The disclosure, which marked Google’s first confirmation of a wedding in the Bahamas this month, could pose questions of nepotism for the Internet search leader, one of the world’s most scrutinized public companies.

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Tuesday’s filing didn’t explain the rationale for Google’s investment in 23andMe, but it said the company’s audit committee had consulted an independent advisor to assess the start-up’s value.


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