August 7, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of WebMD Health Corp. (NASDAQ:WBMD), was announced concerning whether the takeover of WebMD Health Corp. by Internet Brands is unfair to NASDAQ:WBMD stockholders.

The investigation by a law firm concerns whether certain officers and directors of WebMD Health Corp. breached their fiduciary duties owed to NASDAQ:WBMD investors in connection with the proposed acquisition.

On August 07, 2017, Internet Brands, a KKR portfolio company, announced the commencement of a cash tender offer to purchase all of the issued and outstanding shares of common stock of WebMD Health Corp. (NASDAQ:WBMD) at a price of $66.50 per share, net to the seller in cash without interest and less applicable withholding taxes.

However, given that at least one analyst has set the high target price for NASDAQ:WMBD shares at $72.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:WBMD stockholders. More specifically, the investigation concerns whether the WebMD Health Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

WebMD Health Corp. reported that its annual Total Revenue rose from $636.40 million in 2105 to $705.05 million in 2016 and that its Net Income increased from $64.02 million to $91.30 million.