DoorDash joins forces with Wolt

Avance advises DoorDash, Inc. in a definitive agreement whereby DoorDash will acquire Wolt Enterprises Oy in an all-stock transaction valued at approximately EUR 7 billion. 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. The transaction is subject to customary closing conditions.