Uber has reportedly considered acquiring Expedia to strengthen its ongoing diversification.
That’s according to a report Wednesday (Oct. 16) by the Financial Times (FT) which notes that purchasing the $19 billion travel booking website would mark Uber’s largest acquisition ever.
Sources told the FT that Uber had spoken to advisors about the feasibility of the deal recently after a third party had floated the idea of an Expedia acquisition.
The discussions centered in part on Uber CEO Dara Khosrowshahi. He was Expedia’s chief executive from 2005 to 2017 and has a seat on that company’s board, making it likely that an approach would be friendly and that Khosrowshahi would recuse himself from discussions.
Uber’s interest is still in the early stages, and no formal approach has been made to Expedia, the sources added.
PYMNTS has contacted Uber for comment but has not yet gotten a reply.
The FT report points out that this is happening after years of Uber moving…
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