Wework Buys - Meetup

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

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 wework buys meetup

Meetup co-founder Scott Heiferman stepped down as CEO; David Siegel took over . Divestiture , a Milan-based app developer, acquired Meetup

: 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 a Milan-based app developer