Akihabara News (Tokyo) — DoorDash, Inc. of the United States has agreed to acquire the Finnish food delivery company Wolt for US$8.1 billion hopes of expanding its business in Europe.
Tony Xu, the co-founder and CEO of Doordash, believes that the merger of two companies will help accelerate Doordash’s product development and improve the value it provides to consumers, merchants, and “Dashers” (delivery staff) worldwide.
Meanwhile, all Wolt’s employees will be retained in their current positions under Doordash, and Cofounder and CEO of Wolt, Miki Kuusi, will serve as the head of DoorDash International.
Currently, both company’s services are available in Japan. While Doordash mainly provides its delivery services in the Tohoku region and Saitama, Wolt’s services are more evenly distributed across the country.
After the merger, Doordash will likely become one of the more dominant providers in Japan’s food delivery industry, challenging Uber Eats and others.
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