Announced
Completed
Financials
Sources
Tags
Majority
social media platform
United States
Single Bidder
Online and Social Platforms
Private Equity
Friendly
Private
Acquisition
Disposal
Completed
Synopsis
AlleyCorp, a startup studio that invests in early-stage companies, completed the acquisition of Meetup, a service used to organize online groups that host in-person events for people with similar interests, from WeWork, an American commercial real estate company. Financial terms were not disclosed. "This acquisition provides the long-term capital to ensure that Meetup focuses on what is most important: the organizers who make Meetup successful, our passionate members, and our dedicated employees. We are excited to continue on our mission of empowering personal growth through real human connections, and I'm happy to have brought in a team of smart investors who share and support the same values," David Siegel, Meetup CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.