KKR to buy WebMD in whooping Rs 18,000 crore deal
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Online health publisher WebMD Health Corp said it agreed to be bought by private equity firm KKR & Co in a deal valued at about 2.8 billion dollars (Rs 18000 crore).
The deal brings together WebMD's websites, such as WebMD.com, Medscape.com and MedicineNet.com, and those owned by KKR unit Internet Brands Inc, including DentalPlans.com and AllAboutCounseling.com.
KKR will pay 66.50 dollar per share, a premium of 20.5 percent to WebMD's Friday closing price. WebMD's shares were trading at $66 before the opening bell.
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