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home / news releases / GRUB - DoorDash's $9 Billion Acquisition Of Wolt Is A Red Flag

GRUB - DoorDash's $9 Billion Acquisition Of Wolt Is A Red Flag

GrubHub Inc.
  • DoorDash has acquired Wolt in an $9 billion stock for stock deal.
  • Instantly after the news, DoorDash's stock soared by 15% - adding ~$10 billion in market capitalization.
  • Wolt operates in very competitive food delivery markets.
  • DoorDash acquired Wolt at a hefty valuation multiple.
  • I think this acquisition may be a red flag for DoorDash shareholders.

For further details see:

DoorDash's $9 Billion Acquisition Of Wolt Is A Red Flag
Stock Information
Company Name: GrubHub Inc.
Stock Symbol: GRUB
Market: NYSE
Website: grubhub.com
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