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WebMD Health (WBMD), the leading source of health information, announced that its Board of Directors, working together with its management team and legal and financial advisors, has commenced a process to explore and evaluate potential strategic alternatives focused on maximizing shareholder value. These alternatives could include, among other things, the sale of part or all of the company, a merger with another party or other strategic transaction or continuing to execute on WebMD’s business plan.
Update(s):
July 24, 2017: Private equity firm KKR & Co LLP (KKR) is nearing an all-cash deal to acquire WebMD Health Corp (WBMD), a U.S. online health publisher with a market capitalization of $2.1 billion, people familiar with the matter said on Sunday.
July 24, 2017: Kohlberg Kravis Roberts said that Internet Brands, a K.K.R. portfolio company (KKR), had agreed to buy WebMD Health Corporation (WBMD) for about $2.8 billion.