WebMD (WBMD) Completes Tender Offer
By Benzinga Staff
December 15, 2009 4:12 PM
December 15, 2009 4:12 PM
According to a recent report released by Goldman Sachs (NYSE: GS)(FREE stock trend analysis), WebMD (NASDAQ: WBMD)(FREE stock trend analysis) has completed its tender offer of purchasing 6.35 million shares.
The entire WebMD deal has cost $235 million based on the price of $37 per share. The report is also optimistic about Google’s (NASDAQ: GOOG)(FREE stock trend analysis) smart phone ‘Nexus One’. The report has stated that it expects Google to generate $3- 5.50 revenue per month from every user of its mobile search service. Raytheon is planning to sell touch-screen devices based on Google’s Android mobile operating system. This device is likely to be sold to the US military.
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