M&A
confidence high
sentiment positive
materiality 0.85
DoorDash to acquire Wolt Enterprises in all-stock deal valued at ~39.4M shares plus €500M retention pool
DoorDash, Inc.
- DoorDash issues ~39.4M Class A shares to acquire all Wolt shares and vested options; total value not disclosed.
- €500M retention pool established for Wolt employees, consisting of cash awards and RSUs vesting over 4 years.
- Termination fee of €210M payable by DoorDash if regulatory approvals are not obtained by end date.
- Certain Wolt shareholders (≥1.5% ownership) subject to lock-up on 75% of shares received, releasing in thirds over 150 days.
- Holders of ~62% of Wolt capital stock signed support agreements; boards of both companies approved the purchase.