DoorDash Investors Gobble Up European Takeout

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Investors might have rushed their order.

DoorDash ’s shares are up 12% since the company announced it was buying Helsinki-based delivery platform Wolt on Nov. 9. We still know little about the deal other than the $8.1 billion purchase price and the expectation it will close in the first half of 2022. Considering how competitive the European food-delivery battlefield is right now, DoorDash will probably keep its strategy mum.