Finnish food delivery service Wolt will merge with US competitor DoorDash in a deal worth €7 billion, the two companies announced. The deal is one of the largest in Finland's history.
Wolt's acquisition by DoorDash will expand the US-based food delivery service into 22 new countries, including Finland, Sweden, Germany and Hungary. Japan is the only market where the two companies currently overlap.
Wolt CEO and co-founder Miki Kuusi will head DoorDash's international division, to be headquartered in Helsinki, after the transaction's expected completion early next year.
Wolt said it would continue to operate under its own brand, and that users, couriers and restaurants would not notice any changes.
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