Private equity firm KKR to buy WebMD for $2.8 billion
Andrew V. Pestano, United Press International Writer NEW YORK (UPI) -- Health information website WebMD on Monday said it's agreed to be acquired by the KKR private equity company in a deal valued at nearly $3 billion. WebMD said it established an agreement with KKR's Internet Brands portfolio in which a subsidiary will formally make an offer by Aug. 3 to acquire all issued and outstanding shares of WebMD's common stock for $66.50 per share -- or $2.8 billion. The companies […]
