WebMD Sold to KKR for $2.8 Billion
On July 24, WebMD was purchased by Internet Brands, a subsidiary of KKR (Kohlberg Kravis Roberts & Co.), for approximately $2.8 billion. WebMD is among the biggest sites in the world for health information, particularly among those outside the health professions. In June of this year alone, the site had 71.1 million unique visitors. Internet Brands is a company operating an array of business-to-business and business-to-consumer Websites for vertical markets such as the automotive and travel industries.
If you would like to read more about the sale, check out the article from TechCrunch.