Anne Wojcicki is poised to regain control of genetics testing company 23andMe, after agreeing to put much of her personal fortune on the line.

Why it matters: This is the same person that 23andMe customers originally trusted with their personal data, albeit under a much more opaque governance structure.

Catch up quick: Regeneron Pharma in May won a bankruptcy auction for 23andMe's assets, bidding $265 million, beating out Wojcicki (who'd been trying to purchase the company since well before the Chapter 11 filing).

• The move sparked both congressional inquiry and lawsuits, including from 27 state attorneys general who claim a sale can't occur without consumer consent.
• Wojcicki fought to get the auction reopened, and on Friday reached an agreement to buy the 23andMe assets for $305 million.
• A Regeneron spokesperson says the company "declined to submit a new bid ... based on our assessment of 23andMe's remaining value." Or, as Regeneron CEO Leonard Schleifer told CNBC's Becky Quick, "the juice isn't worth the squeeze."

Behind the scenes: Wojcicki made the offer through TTAM Research Institute, a public-benefit corporation formed just last month.

• She is the only person listed on TTAM's only filing with the California secretary of state, and the 335-page merger agreement doesn't list any other executives.
• Wojcicki originally told the court that she had the support of an undisclosed Fortune 500 company, which some reporters speculated was Oracle, but no such company appears in any of the relevant documents.
• Sources tell Axios that the entire $305 million comes from Wojcicki herself, and that 23andMe's special committee verified that she has the necessary funds.

Look ahead: A court hearing to approve Wojcicki's bid is scheduled for tomorrow.

The bottom line: Even if she clears all the legal hurdles, it remains unclear how Wojcicki plans to make 23andMe into a viable business (even if under a nonprofit umbrella).

• It lost a whopping $666 million in its last fiscal year before going bankrupt, and revenue had been falling since a 2023 data breach. No one doubts Wojcicki's sincerity or smarts, but longtime board members quit last year after losing faith in her strategy.
• And now she's doubling down, including with a massive financial commitment, rather than trying something new.

ADNOC, ADQ and Carlyle offered to buy Australian oil and gas giant Santos (ASX: STO) for US$18.7 billion.

Why it's the BFD: It would be one of the largest takeovers ever in Australia, and reflects how Middle Eastern oil giants are seeking to grow their liquefied natural gas portfolios.

Zoom in: The bid is being led by XRG, an $80 billion lower-carbon and chemicals investment company that ADNOC formed late last year.

The bottom line: The deal would require approval from Australian regulators who might object to foreigners buying domestic energy infrastructure.

• Ramp, a New York-based financial operations platform, is raising around $200m led by Founders Fund at a $16b valuation (up from $13b in a secondary sale earlier this year), per The Information. axios.link/4kPFijO

• Clay, a New York-based sales automation startup, raised Series C funding led by CapitalG at a $3b valuation, per TechCrunch. axios.link/3FXgMOg

• Aspora (fka Vance), a fintech focused on the Indian diaspora, raised $50m in Series B funding. Sequoia Capital and Greylock co-led, joined by Hummingbird, Quantum Light Ventures, and YC. axios.link/3ZxOfWl

🚑 Atraverse Medical, an Encinitas, Calif.-based developer of minimally invasive devices for cardiac procedures, says it raised $29.4m from undisclosed backers. axios.link/3ZAzLF8

• Slide, a data disaster recovery platform, raised $25m in Series A funding, per Axios Pro. Base10 Partners led, joined by Outsiders Fund and Top Down Ventures. axios.link/3Zw76kt

• WorkWhile, an SF-based marketplace for hourly workers, raised $23m in Series B funding. Rethink Impact led, joined by Khosla Ventures and Reach Capital. Citi Impact Fund, GingerBread Capital, and Illumen Capital. axios.link/4e09Xbe

🐟 Shinkei Systems, an LA-based seafood robotics startup, raised $22m in Series A funding. Founders Fund and Interlagos led, joined by Yamato Holdings, Shrug, CIV, Jaws, and Mantis VC. axios.link/3TrJ72i

• Sedai, a "self-driving cloud" startup, raised $20m in Series B funding. Atlantic Vantage Point led, joined by Norwest, Sierra Ventures, and Uncorrelated Ventures. sedai.io

• Circumvent, a cloud security and remediation startup, raised $6m from Paladin Capital Group. circumvent.io

• 365 Retail Markets, a Providence Equity Partners portfolio company, agreed to acquire Cantaloupe (Nasdaq: CTLP), a Malvern, Pa.-based provider of tech solutions for "unattended commerce," for $848m, or $11.20 per share (34% premium). axios.link/43Zh2Eu

🚑 65 Equity Partners invested in Allied OMS, a Southlake, Texas-based management services organization for oral and maxillofacial surgeons. alliedoms.com

• BGH Capital led a takeover offer for New Zealand-listed RV maker Tourism Holdings. axios.link/45pGDsx

• Blackstone and CVC Capital Partners are among the bidders for Cognita, a U.K.-based private school operator that could fetch €6b, per Bloomberg. Cognita backers include Jacob Holdings, BDT & MSD, and Sofina. axios.link/3HCdznZ

• Blackstone and Vista Equity agreed to a US$400m minority stake in Canadian compliance software provider Assent, buying out VC backers like First Ascent Ventures and Volition Capital. axios.link/4kL8o3H

• Brookfield Infrastructure Partners agreed to buy broadband provider Hotwire Communications from Blackstone for around $7b, per the WSJ. axios.link/3ZvqApw

• Carlyle and Triton are weighing buyout bids for REMA Tip Top, a German maker of industrial conveyor belts that could fetch more than €3b, per Reuters. axios.link/441GCsl

• Hunter Point Capital agreed to acquire a 16.1% stake in Equitix, a London-based infrastructure investor, at a £1.3b enterprise value. Sellers include Tetragon Financial Group. axios.link/3SPeP9D

• Forward Air (Nasdaq: FWRD), a U.S. trucking company with a $615m market cap, has received buyout interest from Apollo, Blackstone, Clearlake Capital Group, and Platinum Equity, per Reuters. axios.link/3FV4F4l

• J.C. Flowers acquired the Italian business of German insurance enabler Wefox. axios.link/405GPtm

⚡ KKR agreed to acquire Australian renewables producer Zenith Energy from Pacific Equity Partners for more than A$2b, per The Australian. axios.link/44gurcu

• Spectris (LSE: SXS), U.K. testing equipment maker, rejected a second KKR takeover offer in favor of Advent Internatonal's £3.7b bid. axios.link/3FYsok2

Two companies, precision medicines platform Caris Life Sciences and insurer Slide, are expected to price U.S. IPOs this week. axios.link/43HCY8i

🚑 Caris Life Sciences, an Irving, Texas-based precision medicine company focused on cancer, increased its IPO price range to $19-$20 (from $16-$18). It still plans to offer 23.5m shares, and list on the Nasdaq (CAI). axios.link/444jppK

⚽ Eagle Football Holdings, which owns a 40% stake in Crystal Palace F.C., filed confidentially for a U.S. IPO, per Bloomberg. It's led by John Textor, and is backed by such firms as Ares Management and Iconic Sports Acquisition. axios.link/45k92jL

• Indigo Acquisition, a SPAC formed by the founders of investment bank Cassel Salpeter, filed for a $100m IPO. axios.link/4031fmQ

• Advent International agreed to sell U.K. defense-tech company Ultra Precision Control Systems to Eaton Corp. (NYSE: ETN) for $1.55b. axios.link/4e5htl7

• Allegion (NYSE: ALLE) agreed to buy German security and access products maker Elatec for €330m in cash from Summit Partners. axios.link/4jNRWOD

• LemFi, a VC-backed financial services platform for immigrants, acquired U.K. credit fintech Pillar, whose backers included Global Founders Capital and Backed VC. axios.link/4e1a3PW

• Pearson (LSE: PSON) agreed to acquire eDynamic Learning, a Southlake, Texas-based provider of career and tech ed curriculums, from Gauge Capital. edynamiclearning.com

⚡ Armada Investment increased in stake in Swedish nuclear services company Studsvik (STO: SVIK) to 29.9%. axios.link/4jSauNU

• Commerce Bancshares (Nasdaq: CBHS), a Kansas City-based regional bank, agreed to buy Florida's FineMark (PINX: FNTB) for $585m in stock. axios.link/3ZwtBpA

☕ Luigi Lavazza, an Italian coffee products company, is weighing a merger with German rival Dallmayr, per a local media report. axios.link/400ZhmT

⚡ MEG Energy (TSX: MEG), a Canadian oil sands company, is asking shareholders to reject a C$6b takeover bid from Strathcona Resources (TSX: SCR). axios.link/3HGIWh4

🚑 Supernus Pharmaceuticals (Nasdaq: SUPN) agreed to acquire neuropsychiatric-focused biotech Sage Therapeutics (Nasdaq: SAGE) for up to $795m. axios.link/4n4Grp0

• Wedbush Financial Services of LA is acquiring a minority stake in Polish investment bank Trigon. axios.link/44jocoo

• Bering Capital, an SF-based health care VC firm, is raising $150m for its third fund, per an SEC filing.

• Shahid Khoja joined Turning Rock Partners as head of credit. He previously led credit for Z Capital Group. axios.link/4n4NRsa

• Joachim Ringer is joining German PE firm Vorsprung Management as a partner, per Bloomberg. He's a former Credit Suisse banker. axios.link/4mYO54p

President Trump on Friday approved the sale of U.S. Steel to Japan's Nippon Steel for around $15 billion, or $55 per share.

• It's slated to close later this week.
• Shares of both companies surged in early Monday trading, although plenty of details remain murky. Including what rights the U.S. government's "golden share" do and don't confer.