REDMOND, Wash., May 19, 1999 — Microsoft Corp. announced today that, in light of published reports of a proposed merger between Healtheon Corp. and WebMD, Inc., it is extending until May 25, 1999, its offer to purchase shares of WebMD’s Series F Preferred Stock. Microsoft has sent an extension notice to all holders of Series F Preferred Stock and expects to make a further announcement regarding its offer in the event Healtheon and WebMD reach agreement on their proposed merger.
As of May 19, 1999, holders of 499,790 shares of Series F Preferred Stock had accepted Microsoft’s purchase offer.
Founded in 1975, Microsoft (Nasdaq
) is the worldwide leader in software for personal computers. The company offers a wide range of products and services for business and personal use, each designed with the mission of making it easier and more enjoyable for people to take advantage of the full power of personal computing every day.
The information contained in this press release relates to pre-release product that may be substantially modified before its first commercial release. Accordingly, the information may not accurately describe or reflect the product when first commercially released. The press release is provided for informational purposes only, and Microsoft makes no warranties, express or implied, with respect to the press release or the information contained in it.
Microsoft is either a registered trademark Microsoft Corp. in the United States and/or other countries.
Other product and company names herein may be trademarks of their respective owners.
Note to editors: If you are interested in viewing additional information on Microsoft, please visit the Microsoft Web page at http://www.microsoft.com/presspass/ on Microsoft’s corporate information pages.