Amid the crush of election news last week, online jeweler Blue Nile announced that it had agreed to be acquired by Bain Capital Private Equity and Bow Street LLC in an all-cash deal valued at $500 million.

Stockholders will receive $40.75 in cash per share, a premium of approximately 34 percent over the closing price on November 4. The stock had been down 13% in 2017.

Blue Nile (NILE) is at $40.51 in today’s trading.

The acquisition is part of a larger trend of public companies, particularly in the technology sector, getting bought out by private equity firms.

Over the past year Blue Nile has begun opening display rooms in major malls so customers can see and touch the rings, but orders must still be placed online.

Eyewear retailer Warby Parker is part of this trend of giving buyers the ability to see and touch the product before finishing off the purchase on the web.

Tesla Motors announced over the summer that it will be opening a new retail store for its electric cars in malls and shopping centers on average every four days during the next year.

The Blue Nile deal is expected to close in the first calendar quarter of 2017.