M&A
confidence high
sentiment positive
materiality 0.85
DoorDash to acquire Wolt for ~€7B in all-stock deal, expects 1H 2022 close
DoorDash, Inc.
- All-stock transaction valued at ~€7 billion; DoorDash equity priced at $206.45/share based on 30-day VWAP.
- Wolt operates in 23 countries with 4,000+ employees; Miki Kuusi to lead DoorDash International post-close.
- Expects deal to be accretive to GOV growth in 2022; pro forma combined Adj. EBITDA of $0-$500M in 2022.
- Retention pool of ~€500M reserved for Wolt management and employees; majority of Wolt shareholders support deal.
- Transaction subject to regulatory approvals; closing currently expected in first half of 2022.