Digital media firm PolicyMic has closed $10 million in Series A funding. Netscape founder Jim Clark and WebMD led the round with participation from previous backers Lightspeed Venture Partners, Lerer Ventures, Advancit Capital, Red Swan Ventures and the Knight Foundation.Continue
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.Continue
WebMD (Nasdaq: WBMD) and Marketing Technology Solutions Inc. (akak QualityHealth.com), an Edison, N.J.-based interactive marketing company to healthcare consumers, have mutually terminated their merger agreement. No explanation was provided. The original deal was to have included a $50 million up-front payment and up to $25 million in earn-outs. MTS has raised around $11.6 million in VC funding since 2000, from Hudson Venture Partners, Lazard Technology Partners and Palisade Capital Management.Continue