Meetup - Wework Buys

, a Milan-based app developer, acquired Meetup . Key Takeaways

The acquisition was part of WeWork's effort to expand into a broader lifestyle and community platform rather than just a co-working space provider .

: Meetup brought a social network of 35 million members to WeWork, helping the company fulfill its mission of "connecting people to their purpose" . wework buys meetup

WeWork officially acquired Meetup in November 2017 for approximately . While the specific financial terms were not officially disclosed at the time, reports from Axios and other outlets valued the deal at roughly $200 million . Strategic Rationale

: At the time of the deal, over 100,000 people had already attended a Meetup event in a WeWork location . WeWork aimed to monetize its physical assets during off-hours by hosting Meetup groups . , a Milan-based app developer, acquired Meetup

WeWork sold Meetup to and other investors at a "substantial loss" following WeWork's failed IPO attempt . January 2024 New Ownership

Meetup co-founder Scott Heiferman stepped down as CEO; David Siegel took over . Divestiture WeWork officially acquired Meetup in November 2017 for

: The acquisition allowed WeWork to use Meetup’s data to predict who was organizing events and market WeWork spaces to those organizers . Timeline and Ownership Changes November 2017 Acquisition WeWork buys Meetup for an estimated $156–$200 million . 2018 Leadership Change