Olo (OLO) and DoorDash (DASH) Sign Multi-Year Agreement, Settle and Dismiss Contract Dispute

April 22, 2021 4:56 PM EDT
Get Alerts OLO Hot Sheet
Price: $29.76 --0%

Overall Analyst Rating:
    BUY (= Flat)

Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Today, Olo (NYSE: OLO) and DoorDash (NYSE: DASH) have agreed to terms on a new multi-year agreement and reached a resolution on their contract dispute. The new deal will allow the companies to continue to work together on products and features to unlock value for both parties and their shared merchant base. The parties have also agreed to settle and dismiss all of DoorDash’s outstanding legal claims.

“Today’s announcement of a multi-year collaboration with DoorDash reflects our commitment to best serve the restaurant industry,” said Marty Hahnfeld, Chief Customer Officer of Olo. “We look forward to our continued partnership over the years ahead.”

“We are pleased to have resolved this matter and continue to work together for the benefit of our merchants,” said Tom Pickett, Chief Revenue Officer of DoorDash.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Litigation, Management Comments