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WeWork makes its third-biggest acquisition to date, shelling out $100 million for a software startup called Teem

Connie Loizos
WeWork makes its third-biggest acquisition to date, shelling out $100 million for a software startup called Teem

WeWork, the eight-year-old, 800-pound gorilla in the co-working space, hasn't been known for being terribly acquisitive, despite the billions of dollars it has raised and its valuation, which one of its biggest investors, SoftBank, apparently believes to be approaching $35 billion. To wit, it made just one small acquisition in 2015 (Case), and one other in 2016 (Welkio). Last year, it acquired five companies, including Meetup, a site for organizing group trips and events for which WeWork paid a reported $200 million.