How's this for a winning recipe? Domestic diva Martha Stewart has snagged superchef Emeril Lagasse for her empire. Martha Stewart Living Omnimedia Inc. announced today the acquisition of Emeril's franchise -- all those cookbooks, kitchen products and TV shows in which he stars -- for $45 million in cash and $5 million in stock at closing. That $50 million could swell by $20 million more if "if certain benchmarkets are achieved."

Martha's purchase, however, does not include Emeril's Homebase, which includes the chef's 11 stellar restaurants, including Emeril's New Orleans and Delmonico's Steakhouse in Las Vegas.