Wework Buys Meetup [TRUSTED]

: 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 .

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 . wework buys meetup

Meetup co-founder Scott Heiferman stepped down as CEO; David Siegel took over . Divestiture : At the time of the deal, over

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 Meetup co-founder Scott Heiferman stepped down as CEO;

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

: 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