The Knot Parent Agrees to Tie-Up With WeddingWire

Wedding-planning site plans to be taken private for about $933 million

Kimberly Chin

Sept. 25, 2018 10:10 a.m. ET

XO Group Inc., parent company of wedding-planning website the Knot, has agreed to be taken private for about $933 million, a deal that would hitch it to nuptials-planning marketplace WeddingWire Inc.

In the deal private-equity firms Permira and Spectrum Equity, lead investors of WeddingWire, will pay XO Group shareholders $35 a share in cash, a 27% premium to XO Group’s closing price Monday of $27.64.

Both...