DoorDash – DoorDash Joins Forces with Wolt

Doordash Buys Wolt For 7 Bn Usd
doordash buys wolt for 7 bn usd

DoorDash Joins Forces with Wolt

SAN FRANCISCO and HELSINKI, Nov. 9, 2021 /PRNewswire/ — 

DoorDash, Inc. (NYSE: DASH), (“DoorDash” or the “company”), and Wolt Enterprises OY (“Wolt”) today announced they and certain stockholders of Wolt have entered into a definitive agreement whereby DoorDash will acquire Wolt in an all-stock transaction (the “Transaction”).

Both companies share a mission to build a global platform for local commerce that connects consumers with the best of their community, drives incremental revenue for merchants, and provides meaningful earning opportunities for millions of Dashers and couriers around the world. We expect this partnership to accelerate our progress towards our common goals.

– Transaction is valued at approximately € 7.0 billion, subject to customary purchase price adjustments

– All stock transaction; DoorDash equity issued as part of the transaction will be valued at $206.45 per share, based on DoorDash’s 30-day VWAP as of November 3, 2021

– New retention pool of approximately € 500 million reserved for Wolt management and employees

DoorDash Joins Forces with Wolt

 

Lassi Pensikkala comments:

“Miki Kuusi from Finland started Wolt in the year 2014 as he was 25 years old. Wolt is the second fastest crowing company in Europe.

Today he closed a deal with US company DoorDash selling Wolt for huge 7 billion Euros.”

 


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International Business Consulting
Msc Econ Lassi Pensikkala International Business Consultant
MSc Econ Lassi Pensikkala International Business Consultant

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By MSc(Econ) Lassi Pensikkala - International Travel and Business Expert

Lassi Pensikkala is the creator of AmerExperience.com. He writes regularly providing thought leadership on topics related to Travel, Golf, Business, Health, and Lifestyle. You can follow him on Twitter @amerexperience or connect on Linkedin. You can read his business and travel magazines on Flipboard @amerexperience Expertise: International Travel And Business Expert Creator of AmerExperience.com - Education: Studied International Business in Business School of Turku Finland, and Economy, Psychology and Sociology at the University of Hamburg graduated as MSc(Econ) - Language skills: Multilingual - English, German, Spanish, Swedish and Finnish - Life philosophy: 1959 and the 60’s were the golden times of Rock’n Roll, student movements, and first flight to moon. The nordic people were free to travel in the Scandinavian countries including Finland. No passports or travel documents were needed. The freedom still today is the most important for the Scandinavians from that epoch. Freedom is to travel, learn to know new countries and other languages, and meet different people and cultures. He wishes the new generations would have the same possibilities experiencing all that what makes you feel free, and building a strong personality. -

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