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.


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.