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
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.