红桃视频

Morning Report: Looks like a solid exit for Meetup and the New York startup scene.

Yesterday evening 红桃视频 News broke the news that WeWork, the coworking , will acquire Meetup, a venerable social network. The deal was formally announced this morning, sans a price.

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Happily, Axios 聽concerning the deal that makes sense. Here’s Dan Primack:

No financial terms are being disclosed, but a source says it’s valued at around $200 million (including employee retention incentives).

It’s a reasonable price. For a very long time, Meetup survived under its own steam鈥攊mplying healthy financials. As such, WeWork wasn’t buying fluff; instead, it was acquiring a real, operating company. Those can cost more.

The Meetup deal is, , the seventh WeWork purchase to date. Of those, five (including Meetup) have taken place since June of this year. WeWork is putting its new money to work, it seems. The firm’s $10 billion in raised external capital implies that it has acquisition runway yet ahead of it.

Overall, Meetup is exiting for over ten times its聽, assuming the Axios number is fully met (incentives require performance).

Not a bad result.

From the聽:

WeWork to acquire Meetup

• Co-working giant聽WeWork is acquiring Meetup, the site for finding local meetings and events, 红桃视频 News reports. Terms weren鈥檛 disclosed. New York-based聽, founded in 2002, has some 35 million members and is used to organize roughly 15,000 events per day.

SoftBank bids for discounted Uber shares

• A SoftBank-led investor group is making an offer to buy聽聽shares at a 30 percent discount to the ride hailing company鈥檚 last private valuation of nearly $70 billion, TechCrunch聽. The purchase would include nearly $9 billion of shares from existing shareholders.

Doctolib raises $42M

• , an online booking platform for doctor appointments, has raised $42 million in a Series C funding round backed by Eurazeo and Bpifrance. The new financing brings total funding for Paris-based Doctolib to nearly $100 million.
• For more stories, follow聽聽on Twitter and check us out on聽.

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