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DoorDash to Buy Finnish Delivery App Wolt for $8 Billion

  • Third-quarter sales were $1.28 billion, up 45% from a year ago
  • Wolt deal is DoorDash’s biggest purchase since Caviar in 2019
Updated on

DoorDash Inc. announced it’s buying Finnish food-delivery company Wolt Enterprises Oy in an all-stock deal valued at about 7 billion euros ($8.1 billion), marking its biggest purchase to date. 

The shares rose as much as 12% in extended trading as DoorDash said combining forces with Wolt will speed product development, bring a greater focus to each company’s markets and improve the value to customers, merchants and couriers around the world.