KKR to buy WebMD in $2.8 billion deal
Online health publisher WebMD Health Corp said on Monday it agreed to be bought by private equity firm KKR & Co in a deal valued at about $2.8 billion.
KKR will pay $66.50 per share, a premium of 20.5 percent to WebMD`s Friday closing.
Reuters reported on Sunday that KKR was nearing a deal to buy WebMD.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.