It’s true! WeddingWire and The Knot agree to merge

09-25-2018

We’re excited to share the news with you! Announced today, WeddingWire, Inc. and XO Group (parent company of The Knot) have entered into an agreement to merge.

Learn more HERE

Credits: WEDDING WIRE

What happens next? Nothing at this time, the transaction is expected to take some months to close, subject to customary closing conditions. Until that time, it’s business as usual with no changes related to this news.

What will happen to WeddingWire and The Knot? The unified company will maintain both brands. With more than four decades of combined expertise, we will offer expanded products and services to help grow your business in addition to providing more content, inspiration, and planning tools for engaged couples around the world.

XO Group Shareholders to Receive $35 Per Share in Cash

New York, NY - September 25, 2018 -- XO Group Inc (NYSE:XOXO), the operator of The Knot, a leading digital marketplace connecting engaged couples with wedding professionals, today announced that it has signed a definitive agreement whereby XO Group will become a privately held company and merge with WeddingWire, Inc. in a transaction valued at $933 million. Under the terms of the agreement, XO Group shareholders will receive $35.00 per share in cash, representing a 44% premium to XO Group’s 12-month average closing price and a 27% premium to XO Group’s closing price as of Monday, September 24, 2018. XO Group's Board of Directors has unanimously approved the transaction, which is expected to close in the first half of 2019. Upon closing, the combined company will be owned by the Permira Funds and Spectrum Equity, who are current investors in WeddingWire.