WebMD Denies Takeover Talks, Stock Falls -- Update
January 14 2016 - 12:20PM
Dow Jones News
By Chelsey Dulaney
WebMD Health Corp. (WBMD) said Thursday that it isn't in any
negotiations to be acquired, after a media report said the company
was considering a sale of part or all of the company.
Late Wednesday, The Financial Times reported that WebMD has held
talks with potential buyers, citing people familiar with the
situation. The FT said Walgreens Boots Alliance Inc. (WBA) and
UnitedHealth Group Inc. (UNH) were potential bidders.
A representative for the FT declined to comment.
WebMD's shares fell sharply after denying the talks. Shares were
recently down 7.4% at $49.25 a share after trading as high as
$58.25 Thursday on deal speculation.
Write to Chelsey Dulaney at chelsey.dulaney@wsj.com
(END) Dow Jones Newswires
January 14, 2016 12:05 ET (17:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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