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DoorDash will acquire European delivery company Wolt as it builds a global platform


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acastro_190724_1777_doordash_0002.0.0.jp Illustration by Alex Castro / The Verge

DoorDash has agreed to acquire the food delivery company Wolt for €7 billion (about $8.1 billion) with plans to expand its reach to Europe (via TechCrunch). Founded in 2015, Wolt is a Finland-based company that contracts out couriers to deliver takeout, groceries, and other goods to customers in 23 countries mainly throughout Europe.

Both DoorDash and Wolt announced the all-stock transaction in separate blog posts, confirming a move that will bring DoorDash to Europe for the first time. Currently, DoorDash is only available in cities across the US, Canada, Japan, and Australia.

“By joining forces, we believe we will accelerate our product development, bring greater focus to each of our markets, and improve the value we provide to...

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