DoorDash Buys Competitor Caviar for $410 Million
Allowing the food delivery start-up to expand its footprint and eliminate some of its competition
Last week, food delivery start-up DoorDash agreed to buy competitor Caviar from Square for $410 million in cash and DoorDash stock. The acquisition will expand the number of premium restaurants that DoorDash currently works with and deepen the company’s relationship with Square, who powers in-person and online transactions between restaurants and DoorDash customers. The deal is expected to close this year, following regulatory approval.
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