This excerpt taken from the WBMD 10-Q filed Nov 9, 2007.
HLTHs plan to propose the Potential Merger Transaction may not result in any transaction being agreed upon or, even if agreement is reached, may not result in any transaction being successfully completed
As previously disclosed, HLTH currently intends to propose the Potential Merger Transaction to the Special Committee of WebMDs Board of Directors formed to evaluate and negotiate any such potential transaction with HLTH. That process may or may not result in a definitive agreement with respect to the Potential Merger Transaction. In addition, even if a definitive agreement is entered into, our ability to complete such a transaction will depend on numerous factors, some of which are outside of our control. Even if a transaction is completed, there can be no assurance that it will achieve the benefits contemplated by the parties or those expected by their respective securityholders. Furthermore, the process of exploring the Potential Merger Transaction may be more time consuming and expensive than we currently anticipate.