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September 11, 2006

Tying the Knot with WeddingChannel

posted by MR WAVETHEORY at 9/11/2006 05:54:00 PM
The Knot Inc (KNOT) and WeddingChannel, two dot-com darlings, tied the knot today in a $78 million deal. WeddingChannel was backed by Idealab Capital Partners, RRE Investors , and Goldman, Sachs & Co. It had raised a big chunk of money during the heyday.

You can see that The Knot Inc was one of the last companies to make it out of the gates in the hot IPO market of the late 90s.It looks like the traffic on both sites has been stagnating. This wage of mergers may be driven by the fact that the life cycle of the VC funds that invested in the late 90s are coming up.

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