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August 02 - 15:08
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DoorDash secures $410 million deal for Caviar
DoorDash is buying Square's Caviar in a major acquisition for the tech-driven food delivery industry. The $410 million deal will see Caviar, which operates in 30 cities across the US, absorbed by the much larger DoorDash. Square acquired Caviar for $90 million five years ago. DoorDash came under scrutiny earlier this year after revelations that some tips counted towards workers' basic pay.
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