There is some deal news today.
WebMD has called off the auction to sell itself. WebMD’s special committee has ended discussions “with potential acquirers and its process to review a potential sale of the Company,” the healthcare information provider said in a statement Tuesday.
In November, WebMD hired Credit Suisse to advise on the sale, according to press reports. WebMD was in talks with four PE firms, including Kohlberg Kravis Roberts & Co LP and Providence Equity Partners, by December, according to my coworkers at Reuters. It’s unclear why WebMD called off the talks.