Monday, July 24, 2017
Internet Brands Buys WebMD For $2.8 Billion
El Segundo-based Internet Brands, which is owned by private equity investor KKR, agreed this morning to acquire WebMD in a deal worth approximately $2.8 billion. According to WebMD, Internet Brands will pay $66.50 per share in cash for all of the outstanding shares of WebMD common stock. The deal is expected to close in Q4 of 2017. WebMD operates a popular online health information site. Internet Brands is run by CEO Bob Brisco. KKR acquired Internet Brands in 2014.