WeWork sold Meetup to and other investors at a "substantial loss" following WeWork's failed IPO attempt . January 2024 New Ownership
, a Milan-based app developer, acquired Meetup . Key Takeaways wework buys meetup
Meetup co-founder Scott Heiferman stepped down as CEO; David Siegel took over . Divestiture WeWork sold Meetup to and other investors at
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 a Milan-based app developer
: 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 .