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WeWork keeps up buying spree with Meetup

Staff members of Meetup are at work in the company's New York office. Photo: Mark Lennihan / AP

WeWork has agreed to acquire Meetup, a New York-based social network that helps organize offline meetings around common interests. No financial terms are being disclosed, but a source says it's valued at around $200 million (including employee retention incentives). WeWork disputes that price-tag, but declined to provide an alternate figure.

Meetup had raised around $18 million in venture funding since 2002, from firms like DFJ, Omidyar Network, Allen & Co. and Union Square Ventures.