IMPORTANT WEBMD HEALTH CORP. INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP is Investigating the Proposed Acquisition of WebMD Health Corp. by Kohlberg Kravis Roberts

NEW YORK, NY / ACCESSWIRE / July 24, 2017 / Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating the proposed sale of WebMD Health Corp. (”WebMD” or the ”Company”) (NASDAQ: WBMD) by Internet Brands, a new media company controlled by investment firm Kohlberg Kravis Roberts (”KKR”). Stockholders of the WebMD will get $66.50 per each share in cash. Under the terms of the agreement, a subsidiary of Internet Brands will commence a tender offer in the next 10 business days to acquire all of the issued and outstanding shares of WebMD.

The announcement of the acquisition by KKR came just minutes before WebMD released preliminary results for the Three Months Ended June 20, 2017, which were better than previously expected. The press release noted that, ”Net income for the second quarter is expected to be approximately $18.9 million, an increase of approximately 6% from the prior year period. Prior financial guidance for the quarter was $16.9 million to $18.5 million.”

Investors who currently hold shares of WebMD
Health Corp. and held their shares prior to the July 24th merger announcement are urged to contact the firm immediately at classmember@whafh.com or
(800) 575-0735 or (212) 545-4774. WebMD Health Corp. shareholders have the option to file a class action lawsuit to ensure the Board of Directors obtains the best possible price for shareholders and the disclosure of all material information.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf
Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

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Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

Attorney Advertising: Prior results do not guarantee or predict a similar outcome.

SOURCE: Wolf Haldenstein Adler Freeman & Herz LLP

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