O’Melveny advises WeWork on Meetup sale
O’Melveny represented WeWork in the sale of its subsidiary, Meetup, one of the world’s first social media platforms and the only one dedicated to groups that meet in-person or online during times of crisis.
Meetup is being acquired by a consortium of investors led by Kevin Ryan’s AlleyCorp and includes mission-driven private funds and accomplished technology executives. The company will continue to service its growing 49 million members and over 230,000 organisers, who collectively produce an average of 15,000 in-person events daily.
The Silicon Valley-based O’Melveny deal team was led by counsel Melissa Wright and Emerging Technologies Group chair David Makarechian. Also advising on the deal were O’Melveny partner Robert Fisher (on tax matters), partner Eric Amdursky (on labor and employment matters), counsel Tom Oslovar (on Intellectual Property matters), special counsel Scott Pink (on data security and privacy matters), and senior counsel Warren Fox (on employee benefits matters). AJ Talt served as lead associate on the deal.
“We were delighted to represent WeWork in this transaction,” says David Makarechian, who also chairs O’Melveny’s Northern California Transactions Department. “The current environment presents obvious deal challenges, and we are very pleased to help get this deal to the finish line.”
O’Melveny has a longstanding relationship with WeWork, having represented the company in several transactions.