Yesterday evening Crunchbase 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  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—implying 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 , assuming the Axios number is fully met (incentives require performance).

Not a bad result.

From the :

WeWork to acquire Meetup

• Co-working giant WeWork is acquiring Meetup, the site for finding local meetings and events, Crunchbase News reports. Terms weren’t disclosed. New York-based , 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  shares at a 30 percent discount to the ride hailing company’s last private valuation of nearly $70 billion, TechCrunch . 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  on Twitter and check us out on .

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will acquire Meetup, Crunchbase News has learned, adding another purchase to the rapidly expanding rental startup’s roster.

The $20 billion coworking space pioneer is set to acquire New York City-based community platform Meetup, according to an internal Meetup meeting that took place today. Meetup CEO and co-founder Scott Heiferman announced the move internally, telling employees “we are being acquired by WeWork.”

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The company-wide meeting comes after weeks of internal speculation concerning the long-running independent startup’s direction. Internal records at Meetup hinted at the deal in recent months.

Meetup declined to comment. WeWork declined to comment.

Meetup hasn’t taken part in a funding event , and it has, over the years, only taken about $19 million in investments according to Crunchbase. Draper Fisher Jurvetson (DFJ) led two of its rounds, participating in the rest, also according to Crunchbase.

CEO Heiferman also said the acquisition would allow the firm to double in size. In the same meeting, he mentioned a $30 million figure. It was not clear if that was an acquisition price, or a reference to expected investment into his company from the acquiring entity.

The startup, which has 35 million Meetup members and over 300,000 “IRL” community meetups to date, is still hiring for several jobs, However, the acquisition also comes on the heels of several Meetup employees being asked to voluntarily resign, which was confirmed to Crunchbase News by an internal source on condition of anonymity.

According to Crunchbase data, WeWork and Meetup do not share investors. The official acquisition announcement is expected to come tomorrow morning.

To date, WeWork has raised close to $10 billion, including $4.4 billion in a private equity round last August. The company has recently purchased the Lord & Taylor flagship store and New York-based coding academy Flatiron School.