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This excerpt taken from the WBMD 8-K filed Nov 23, 2009. ViPS
During February 2008, the Company announced its intention to
divest its ViPS segment and on July 22, 2008, the Company
completed the ViPS Sale to an affiliate of General Dynamics
Corporation. The Company received cash proceeds of $223,175, net
of a working capital adjustment, professional fees and other
expenses associated with the ViPS Sale. In connection with the
ViPS Sale, the Company recognized a pre-tax gain of $96,969, of
which $96,566 was recognized during the nine months ended
September 30, 2008, and incurred approximately $1,472 of
professional fees and other expenses.
The financial information of ViPS is reflected as discontinued
operations in the accompanying financial statements. Summarized
operating results for the discontinued operations of ViPS are as
follows:
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