Reports that ride-hailing app Uber Technologies Inc (NYSE:UBER, ETR:UT8) is exploring the potential acquisition of travel platform Expedia Group Inc (NASDAQ:EXPE, ETR:E3X1) have come as a "somewhat surprise" to analysts at Citi. The Financial Times first reported on Thursday that Uber is exploring a takeover bid for Expedia, with talks in the early stages.
Uber (UBER) is reportedly exploring a takeover bid for travel booking platform Expedia Group (EXPE) — which owns and operates sites like Trivago, Orbitz, and Vrbo — according to the Financial Times. Uber CEO Dara Khosrowshahi served as Expedia's chief executive and president between 2005 to 2017, and still holds a non-executive seat on the company's board.
Bradley Tusk, Tusk Ventures CEO, joins 'Squawk Box' to discuss news of Uber considering a bid for travel booking company Expedia, antitrust concerns, impact of the 2024 election on the possible deal, and more.
Jerry Castellini, CastleArk Management president, joins 'Power Lunch' to discuss stock plays for three stocks.
CNBC's Deirdre Bosa joins 'The Exchange' to report on news from Uber and Expedia.
The Financial Times reported that Uber Technologies (UBER) is considering buying Expedia (EXPE). Ivan Feinseth believes the potential merger can work for Uber in ways it wouldn't for similar rideshare and delivery companies.
Uber considered making a bid for travel website Expedia, The Financial Times reported on Wednesday. The potential deal would take Uber closer to "super app" status, according to one analyst.
Shares of Expedia Group Inc. rallied after the Financial Times on Wednesday reported that ride-hailing giant Uber Technologies Inc. had weighed a possible purchase of the travel-booking platform. But on Thursday, Wall Street analysts were more cautious.
CNBC's Deirdre Bosa reports on news from Uber and Expedia.
Uber has discussed a potential acquisition of the travel booking company Expedia, CNBC confirmed. The talks were in early stages, and it's not clear if a deal will take place.
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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.