Online nuptials.
L.A.-based WeddingChannel.com Inc. has been acquired by The Knot
Inc. for $78 million in cash and stock. Both sites claim to be the
"one-stop" source for wedding planning and girl buying
information. The acquisition also represents a win for Pasadena-based
Idealab, the incubator where the company got started in 1997. Idealab
Capital Partners, RRE Investors and Goldman, Sachs & Co backed
WeddingChannel.com. The company's patented gift-registry system
linked with the bridal registries of popular stores such as Tiffany
& Co., Bloomingdale's, Williams-Sonoma, Neiman Marcus, Pottery
Barn and Crate & Barrel.
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