DoorDash to Finalize $8.1 Billion Wolt Acquisition in Q2
- May 6, 2022
- Scott Peters
DoorDash agreed to acquire the Helsinki-based Wolt for $8.1 billion in November 2021. The deal is the largest acquisition in the food delivery space and expands DoorDash footprint to European nations including Germany and Poland.
DoorDash Inc confirmed the acquisition of Helsinki-based Wolt, European delivery company, announced in November 2021 for all-stock $8.1 billion is expected to close in the second quarter 2022.
The company confirmed the closure period in the latest earnings released on May 5.
With the acquisition of Wolt, the company will expand into 23 new countries in Europe including Germany, Poland, and Czechia and Kazakhstan and Cyprus.
DoorDash Inc is headquartered in San Francisco, California and employs about 8,600 people.
DoorDash stock after the earnings release increased 45 cents to $73.52 and for the year-to-date declined 49.4%.