Shares of WebMD (WBMD) were climbing over 3% during early morning trading on Monday following a Dealreporter report saying that IAC (IAC - Get Report) , an Internet firm, is interested in acquiring the company.
IAC's bid is reportedly above $61 per share for the provider of health information services. Shares of the NYC-based IAC were lower following the report.
WebMD announced in February that it was exploring "strategic alternatives" which included the potential sale of the company.
In March, Dealreporter reported that WebMD had begun the formal process of its sale.
Stocks have rebounded following a sharp sell off last week. Jim Cramer believes the rebound is real and gives investors advice on how to play the market going forward.