DoorDash to Buy Finnish Delivery App Wolt for $8 Billion (2)

DoorDash Inc. announced it’s buying Finnish food-delivery company Wolt Enterprises Oy in an all-stock deal valued at about 7 billion euros ($8.1 billion), marking its biggest purchase to date.

The shares rose as much as 12% in extended trading as DoorDash said combining forces with Wolt will speed product development, bring a greater focus to each company’s markets and improve the value to customers, merchants and couriers around the world.

“DoorDash and Wolt share a vision to build a global platform for local commerce that empowers the communities we operate in,” said Tony Xu, co-founder and chief executive officer ...