WeWork is buying Meetup

Business Speak

WeWork

 

WeWork has agreed to buy Meetup for an undisclosed amount, the coworking company announced. It’s a natural fit between WeWork, valued at $20 billion, and Meetup, a community platform with 35 million members that has hosted more than 300,000 “IRL” events (in real life), Mashable notes. WeWork has continued to rapidly expand its empire — including purchasing Lord & Taylor’s flagship New York store, opening a private kindergarten, and leading a $32 million investment in a women’s coworking space. Meetup will stay a standalone company for now, but will go on a hiring spree, per Wired.