WeWork reportedly plans to buy Meetup

Co-working house big WeWork can acquire Meetup, in keeping with Crunchbase News. The report says Meetup chief military officer and co-founder Scott Heiferman shared the news with workers at a company-wide meeting on weekday.

WeWork declined to inquire into the report. TechCrunch has additionally contacted Meetup.

Reportedly currently valued at $20 billion, WeWork raised a vast $4.4 billion spherical from SoftBank cluster and SoftBank Vision Fund this summer. The funding is provision a looking spree: over the past six months, WeWork has nonheritable Fieldlens, a communication system for the development industry; Singaporean co-working house startup Spacemob; enterprise sales and promoting platform Unomy; and secret writing bootcamp iron faculty. WeWork additionally recently paid $850 million for Lord & Taylor’s former boulevard flagship outlet to function its Manhattan headquarters.

Founded in 2002, Meetup was an internet pioneer once it launched to assist teams of individuals organize offline gatherings supported shared interests. Since then, it’s return up against formidable competition from social media, particularly Facebook teams.