Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2024-10-17 14:00:38| Engadget

Uber is reportedly exploring the idea of purchasing Expedia, one of the largest travel booking companies in the world, according to the Financial Times. Expedia, which is valued at $20 billion and which reported its highest-ever annual revenue in 2023, will be the company's biggest acquisition, if the deal does indeed push through. The Times says it's very early days, however, and Uber hasn't even made a formal offer for the travel company yet. It's still in the process of studying the implications of acquiring Expedia and has, over the past months, worked with advisers to figure out whether the deal is feasible and how it would be structured.  The company's CEO, Dara Khosrowshahi, may have to sit out deal discussions, seeing as he used to be CEO of Expedia before he was hired by the ride-hailing service in 2017. He's still in its Board of Directors, as well. It doesn't sound like Khosrowshahi was the one who suggested the potential purchase, though in its report, the Times said the idea was "broached by a third party." Uber has had plans to become a wider travel booking platform for a while now. Khosrowshahi said he wanted Uber to be the "Amazon of transportation" from the time he joined the company. Since then, the ride-hailing service has added train, bus and flight bookings in some markets, and it has also made several large acquisitions. It purchased online food delivery service Postmates for $2.65 billion and alcohol delivery service Drizly for $1.1 billion before shutting it down three years later. The company also teamed up with Waymo and Cruise to offer autonomous rides in certain markets. As the Times notes, Uber became profitable for the first time in 2023 due to a renewed demand for rides and food delivery and could be a in a good position to acquire a company as big as Expedia. This article originally appeared on Engadget at https://www.engadget.com/big-tech/uber-is-reportedly-exploring-an-expedia-takeover-120038754.html?src=rss


Category: Marketing and Advertising

 

Latest from this category

13.10On search engine Lore, fans go deep down rabbit holes (and actually retain what they find)
10.10AI Update, October 10, 2025: AI News and Views From the Past Week
10.10How circular fields could make farming more sustainable and more human
09.10FOMO Content Marketing: The Good and Bad of Chasing Trends [Infographic]
09.10How AI-Powered Natural Language Interfaces Can Transform Marketing Workflows
09.10The 4Ps Are a No-Brainer, But the 4Ms Are Crucial to Executing Marketing Plans
09.10No more waiting in line to fill that Rx: Amazon brings pharmacy kiosks to doctors offices
08.10Turkish bank opens branches to schoolchildren for hands-on financial education
Marketing and Advertising »

All news

13.10Click Energy announces first electricity rise in over three years
13.10BofA hikes golds 2026 target to $5,000; sees silver testing $65 but with this caution
13.10Lenskart, Billionbrains set to cap record month for India IPOs
13.10Mortgage rates creep back up as lenders show caution
13.10Mortgage rates creep back up as lenders show caution
13.10Buy-on-dips strategy back? Angel Ones Rajesh Bhosale bets on Axis Bank, HDFC AMC
13.10Illinois legislators poised to grapple with trains, insurance and the Bears
13.10Nobel Prize in Economics 2025 awarded to Joel Mokyr, Philippe Aghion and Peter Howitt
More »
Privacy policy . Copyright . Contact form .