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XO shareholders approve WeddingWire merger deal

XO Group Inc. shareholders approved the company's planned merger deal with WeddingWire Inc.

XO in September struck a deal to become a privately held company and merge with WeddingWire in a transaction valued at $933 million. Under the agreement, XO Group shareholders will receive $35 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 Sept. 24.

Upon closing, the combined company will be owned by the Permira Funds and Spectrum Equity, who are current investors in WeddingWire.

XO is a digital marketplace connecting engaged couples with wedding professionals. WeddingWire is a global online marketplace that connects consumers with local wedding professionals and a suite of tools to assist with wedding planning.