Travel & Tourism

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WeddingWire to Marry the Knot in Match Made by Private Equity

XO Group Inc., parent company of wedding-planning website the Knot, 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 Wedding- Wire, will pay XO Group shareholders $35 a share, a 27% premium to XO Group's closing price Monday of $27.64.

Indian hotels start-up OyoRooms seeks to build on China success

Indian start-up Oyo Rooms is to put $600m from new funding towards a drive to become the largest hotel chain in China, its founder said, after a $1bn cash injection that made it one of Asia's most valuable unlisted tech companies. The company, founded by then 19-year-old university dropout Ritesh Agarwal in 2013, boasts 125,000 rooms at its hotels in India, more than any other rival.

In Search of Golf Lovers

FOR DECADES, professional golf has had a stable business model. Corporate sponsors pay millions to put their names on tournaments in deals that also require them to buy commercial time during broadcasts. That, in turn, drives more revenue to the PGA Tour through broadcast rights deals.