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Health portal WebMD to be sold for $2.8 billion dollars


Health information portal, WebMD, has agreed to a sale of its assets, valued at $2.8 billion dollars.

Private equity firm, KRR, will be paying a 20.% premium on the WebMD stock price.

The sale will take WebMD, which had an IPO in 2005, to the next operational level, as it manages 75 million monthly users.

KRR will add WebMD.com to its already owned brands, such as DentalPlans.com, VeinDirectory.org and AllAboutCounseling.com.

For more information on the planned sale of WebMD.com, click here.

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