WebMD confirms it will be acquired by KKR’s Internet Brands for $2.8 billion

WebMD Health Corp. said that KKR’s Internet Brands has offered to pay $2.8 billion to acquire the health services company.
Internet Brands will pay $66.50 for each WebMD share, which closed last Friday at $55.19. The companies emphasized that the price is a 30 percent premium to WebMD’s share price on February 15, which was a day before it announced plans to consider “strategic alternatives.”
WebMD’s stock jumped 18.68 percent to $65.75 after the deal was announced