The owner of Chevy Chase, Maryland-based WeddingWire Inc. has closed on its nearly $1 billion deal to acquire XO Group Inc., parent company of The Knot. May they live happily ever after.
New York-based XO Group (NYSE: XOXO) was taken private as of Friday, as Permira Funds and Spectrum Equity, WeddingWire owners, completed the previously announced merger. The deal will provide XO Group shareholders $35 per share in cash. The deal is valued at about $933 million.
