Shed by WeWork, Meetup’s new owners recast a social platform for a world without gatherings by DavidJeans2
WeWork acquired Meetup for $156 million in 2017 and put the company up for sale after its failed public offering last year. Siegel said that he had consulted dozens of interested buyers, but in the past four to six weeks, Ryan emerged as a formidable bidder whose position strengthened as some investors withdrew interest as the coronavirus became prominent.
Rohit Dave, WeWork’s head of corporate development, said in a statement that the sale “aligns with WeWork's renewed focus on the company's core workspace business.”
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