Soros Fund Mgmt Reports Stake in WebMD

Soros Fund Management, owned by billionaire investor George Soros, has reported a 5.6% stake in WebMD Health Corp., Reuters reported, citing a regulatory filing. This disclosure follows a similar announcement on Friday by Carl Icahn, who revealed a nearly 8 percent stake in the company’s outstanding stock, through direct and indirect holdings, Reuters wrote.

(Reuters) – Soros Fund Management Llc on Monday reported a 5.6 percent stake in WebMD Health Corp in a regulatory filing, becoming the second activist investor to reveal a shareholding in the health website operator.

The disclosure of the stake held by the fund, owned by billionaire investor George Soros, follows a similar announcement on Friday by Carl Icahn, who revealed a nearly 8 percent stake in the company’s outstanding stock, through direct and indirect holdings.

WebMD shares were up 50 cents in extended trade on Monday. They had closed up over 11 percent at $36.10 on Nasdaq.