Financial Times reported, citing sources close to the matter, that Uber has reached out to consultants to consider a potential acquisition of the Expedia platform, which offers booking services for accommodation and flights. This development occurred several months ago, and the discussions between the two companies have reportedly been amicable.
If this deal materializes, it would mark another significant acquisition in the technology industry, with Uber valued at approximately $170 billion in market capitalization and Expedia valued at around $20 billion.
Those familiar with Uber’s news may not be surprised by the potential tie-up with Expedia, as Uber’s CEO, Dara Khosrowshahi, previously held the same position at Expedia.
Both Uber and Expedia have declined to comment on this news report.
Source: Financial Times
TLDR: Uber is considering acquiring Expedia’s booking platform, marking a potential major deal in the tech industry, with both companies keeping mum about the situation.
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