KKR’s Internet Brands buying WebMD

NEW YORK — KKR is buying health information website WebMD in a deal valued at about $2.8 billion. WebMD Health Corp. announced in February that it was looking at its strategic options, including a possible sale. KKR’s Internet Brands, an online media and software services provider and subsidiary of KKR, will pay $66.50 per WebMD share. That’s an approximately 20 per cent premium to the New York company’s Friday closing price of $55.19.