Updated Tuesday:

Co-working space provider WeWork Inc. Tuesday said it has acquired Meetup Inc., the 15-year-old company behind the popular community platform of the same name.

News of the deal was reported Monday by Crunchbase News, which said Meetup co-founder and Chief Executive Scott Heiferman confirmed the deal in an internal announcement to the company’s employees, and the company sent an email to members confirming the news early Tuesday morning.

Crunchbase News provided quite a few details, saying that Heiferman believes the acquisition would allow Meetup to “double in size.” The report also said Heiferman spoke of a $30 million figure, but couldn’t clarify if this was the acquisition price or the amount he expects WeWork to invest in the platform. Axios cited one source pegging the price at about $200 million. WeWork disputed the figure but declined to provide another one.

WeWork describes itself as a technology company that provides a “platform for creators.” It claims to provide the space, community and services needed for startups and others to “create [their] life’s work.” However, the truth is that WeWork is much closer to being a real estate company than a technology firm, because it appears to do little else in practice apart from provide office space and related services for technology startups.

The company does at least have the money to fund more than a few acquisitions. It recently landed a massive $4.4 billion venture capital round raised from Japanese telecommunications giant SoftBank Group and its venture capital subsidiary, the SoftBank Vision Fund. The fact that the Vision Fund is supposedly reserved for tech startups only suggests that WeWork’s claim that it’s a technology company could be as much for convenience as anything else.

It’s not immediately clear why WeWork would want to acquire Meetup or what its plans might be, as Meetup itself said in a statement that “there are no plans for immediate changes” but that the company would “evolve.” One idea could be to use its co-working spaces to host future “meetups,” though it’s not clear how that would work. Meetup could also help extend WeWork’s reach, as it boasts more than 35 million members and has facilitated more than 300,000 community meetups to date.

WeWork’s most recent acquisition came just two weeks before the SoftBank funding announcement, when it snapped up Israeli market intelligence firm Unomy Ltd., which helps salespeople find business prospects, for an undisclosed fee.

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