DoorDash expands into Europe with US$8.1B acquisition of Wolt

FINLAND – American multinational food delivery giant, DoorDash is buying Finnish delivery service Wolt Enterprises as it seeks to expand into Europe and other markets.  The US$8.1 billion deal will bring DoorDash into 22 countries where it doesn’t currently operate, including Germany, Sweden, Hungary, and Israel.  DoorDash CEO Tony Xu revealed that the combined companies will reach 700 million people with Japan being the only market where both DoorDash and Wolt overlap.  “We believe these markets provide an opportunity to grow our international business to multiples of what it is…

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