Wolt’s $8 Billion DoorDash Sale Joins Largest Finland Deals (1)

Finnish food delivery startup Wolt Enterprises Oy built a thriving business focusing on mid-tier markets since its launch in 2015. On Tuesday, its surprise sale to DoorDash Inc. gave the company a top level exit.

The 7 billion-euro ($8.1 billion) all-stock purchase by San Francisco-based DoorDash is among the largest ever Finnish mergers and acquisitions and the largest in five years, according to data compiled by Bloomberg. It’s only topped by a 2016 acquisition of gamemaker Supercell Oy and a 2002 deal for telecommunications firm Telia Finland Oy, both for about $8.6 billion, and outranks Microsoft Corp.’s 2013 ...