NewsMV
(NASDAQ: DASH) plans to acquire Wonder's Grubhub Campus Dining for $300 million, a move expected to close during the first half of 2027.
The transaction marks a strategic push beyond traditional restaurant delivery into controlled, high-density venues such as hotels and stadiums, following the company's recent multi-million dollar spending across additional channels.
The acquisition comes as DoorDash navigates a period of significant stock underperformance. The shares traded at $191.77 at the close on October 5, leaving the stock down 15.3% in 2026.
Over the last 52 weeks, the pullback has widened the gap with the broader market, as the stock has lagged the S&P 500's 15.78% gains by a long stretch.
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