WeWork buys Meetup

Another week, and acquisition by WeWork.

Organizing platform Meetup announced Tuesday morning it will “become a part of WeWork,” which in non-startupspeak means WeWork bought it.

No financial numbers were disclosed in the deal, though Axios, citing an unnamed source, is reporting it’s valued at about $200 million.

We're acquiring @Meetup, and together we'll use technology to create new & innovative ways of building community: https://t.co/hjo5dMSroo (via @WIRED) #wearewework pic.twitter.com/f70WIVAeNO

— WeWork (@WeWork) November 28, 2017

“We’re still Meetup — same mission, same leaders, same team,” Meetup wrote in an email to its users. “But together, Meetup and WeWork will work toward a shared dream of real community for everyone.”

One Brooklyn employee said that workers were still processing the news this morning.

“I think people are pretty excited,” they said in a message. “I don’t know much about it all yet.”

Meetup is an online platform where people can post recurring events, called meetups. We at Technical.ly have one (which you should join!) where we announce and post the details of our awards ceremony, jobs fair and even our summer Super Meetup, where Brooklyn tech meetups all come together and meet each other.

The acquisition of Meetup follows that of fellow New York startup, coding bootcamp Flatiron School. Earlier in the month, WeWork took a significant ownership position in Wavegarden, a company that makes wave pools (???), which followed its purchase in October of the Lord & Taylor department store in Midtown for $850 million, which will become WeWork’s global headquarters.