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uber/lyft

DoorDash Stock Rises 20% After Deal to Buy Food Delivery Firm Wolt

By
Berber Jin
· · Source: The Information

DoorDash said on Tuesday it was acquiring European food delivery service Wolt in an all-stock deal valued at $8.1 billion. The acquisition, set to close in the first half of next year, will help DoorDash expand internationally and build out its still-nascent grocery delivery business. Helsinki-based Wolt operates in 23 countries, including Japan and in Europe, and last year expanded to offer...

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