NEW YORK, Sept. 06, 2017 (GLOBE NEWSWIRE) -- Internet Brands, a KKR portfolio company, announced today that its
affiliates, MH Sub I, LLC (“MH Sub I”) and Diagnosis Merger Sub, Inc. (“Diagnosis Merger Sub”), have extended the expiration date
of the previously announced cash tender offer to purchase all of the issued and outstanding shares of common stock of WebMD Health
Corp. (NASDAQ:WBMD) (“WebMD”) to 5:00 P.M., New York City time, on September 14, 2017, unless further extended. The tender
offer was previously scheduled to expire at 11:59 P.M., New York City time, on September 7, 2017. MH Sub I and Diagnosis
Merger Sub expect the tender offer will be consummated promptly following the expiration date (as extended hereby), subject to the
satisfaction of the remaining closing conditions.
The depositary and paying agent for the tender offer has advised Diagnosis Merger Sub that, as of the close of business, New
York City time, on September 5, 2017, 744,547 shares of common stock of WebMD were tendered pursuant to the tender offer,
representing approximately 2% of the issued and outstanding shares of common stock of WebMD. Stockholders who have already tendered
their shares of common stock of WebMD into the tender offer do not have to re-tender their shares or take any other action as a
result of the extension of the expiration date of the tender offer.
Innisfree M&A Incorporated is acting as information agent for Internet Brands in the tender offer. American Stock
Transfer & Trust Co., LLC is acting as depositary and paying agent in the tender offer. Requests for documents and questions
regarding the tender offer may be directed to Innisfree M&A Incorporated by telephone at (877) 456-3524 or banks and
brokers may call (212) 750-5833.
About Internet Brands
Headquartered in El Segundo, Calif., Internet Brands® is a fully integrated online media and software services organization
focused on four high-value vertical categories: Health, Automotive, Legal and Home/Travel. The company’s award-winning consumer
websites lead their categories and serve more than 100 million monthly visitors, while a full range of web presence offerings has
established deep, long-term relationships with SMB and enterprise clients. Internet Brands’ powerful, proprietary operating
platform provides the flexibility and scalability to fuel the company’s continued growth. Internet Brands is a portfolio company of
KKR and Temasek. For more information, please visit www.internetbrands.com.
Forward-Looking Statements
Any forward-looking statements, including, but not limited to, statements regarding the proposed transaction between
Internet Brands and WebMD, the expected timetable for completing the transaction, strategic and other potential benefits of the
transaction, and other statements about Internet Brands or WebMD managements’ future expectations, beliefs, goals, plans or
prospects, are subject to risks and uncertainties such as those described in WebMD’s periodic reports on file with the Securities
and Exchange Commission. These statements speak only as of the date of this press release and are based on Internet Brands’ and
WebMD’s current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be
different from those described in or implied by such forward-looking statements, including risks and uncertainties regarding:
changes in financial markets; changes in economic, political or regulatory conditions or other trends affecting the
healthcare, Internet and information technology industries; and changes in facts and circumstances and other uncertainties
concerning the proposed transaction. Further information about these matters can be found in WebMD’s Securities and Exchange
Commission filings. Internet Brands and WebMD caution investors not to place considerable reliance on the forward-looking
statements contained in this press release. Except as required by applicable law or regulation, Internet Brands and WebMD do not
undertake any obligation to update or revise any of their forward-looking statements to reflect future events or
circumstances.
Important Additional Information
This communication is neither an offer to purchase nor a solicitation of an offer to sell securities. This communication is
for informational purposes only. On August 7, 2017, affiliates of Internet Brands filed a tender offer statement on Schedule TO
(including the Offer to Purchase, a related Letter of Transmittal and other offer materials) with the Securities and Exchange
Commission (“SEC”) and WebMD filed the related Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC. Prior
to making any decision regarding the tender offer, WebMD stockholders are strongly advised to read the Schedule TO
(including the Offer to Purchase, a related Letter of Transmittal and other offer materials) and the related
Solicitation/Recommendation Statement on Schedule 14D-9, as they contain important information, including the terms
and conditions of the tender offer. WebMD stockholders may obtain the Schedule TO (including the Offer to Purchase, a
related Letter of Transmittal and other offer materials) and the related Solicitation/Recommendation Statement on
Schedule 14D-9 at no charge on the SEC’s website at www.sec.gov. In addition, the Schedule TO (including the
Offer to Purchase, a related Letter of Transmittal and other offer materials) and the related Solicitation/Recommendation
Statement on Schedule 14D-9 may be obtained free of charge from Innisfree M&A Incorporated, 501 Madison Avenue, 20th
floor, New York, NY 10022, Telephone Number (877) 456-3524 or banks and brokers may call (212) 750-5833, the
information agent for the tender offer.
Media Contact: Internet Brands Media: Joe Ewaskiw joe.ewaskiw@internetbrands.com 310-280-453
