WebMD on failed sale

WebMD Health, the Internet provider of medical information, said talks with potential buyers led to the conclusion that any proposed offers would be less than the market value of the company.
No formal proposals were ever received, the New York-based company said in a regulatory filing yesterday. WebMD had said on Jan. 10 that it ended discussions that might have led to a possible sale.
No potential buyers were named by the company.
WebMD initially contacted five potential purchasers during September and October after earlier receiving an expression of interest from a private equity firm, according to the filing. Seven potential private equity buyers received due diligence materials on the company.
WebMD rose 1.8 percent to $26.76.