[credit provider=”via Human Events ” url=”http://www.google.com/imgres?imgurl=http://www.bloggernews.net/wp/wp-content/uploads/2007/09/g_soros.jpg&imgrefurl=http://www.humanevents.com/article.php%3Fid%3D42674&h=338&w=450&sz=42&tbnid=43F6KaaxUmNsiM:&tbnh=90&tbnw=120&prev=/search%3Fq%3Dgeorge%2Bsoros%26tbm%3Disch%26tbo%3Du&zoom=1&q=george+soros&docid=uKY3YMvNzhKLGM&hl=en&sa=X&ei=MRJ6Tp_IKMPh0QHjt-27Ag&ved=0CFgQ9QEwBA&dur=957″]
Legendary hedge fund manager George Soros disclosed a 6.14% stake WebMD four days ago and today the stock is getting crushed. Shares of WebMD Health Corp tumbled more than 24% in premarket trading Tuesday after the company lowered its 2012 outlook and ended discussions of being acquired.
The healthcare information provider said revenue may be as much as 2% to 8% lower than 2011 revenue, with revenues declining more in the first half of the year and improving in the second half of the year, according to a press release.
The company said it has terminated discussions of being acquired.
Back in October, Soros had disclosed a 5.6% stake in the company. He increased that stake just a few days ago, according to the 13G regulatory filing.
What’s more is he’s not the only legendary investor who has a sizable position in the company. Carl Icahn holds a 7.99% stake in the company, according to Bloomberg data citing a November 25, 2011 13D regulatory filing.