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.
After a challenging year, Expedia Group is showing signs of recovery that could make it an appealing choice for investors, with added momentum from recent speculation that Uber Technologies is exploring a potential acquisition of the online travel giant.
Uber is considering an Expedia takeover bid, the FT reported. CEO Dara Khosrowshahi was once Expedia's CEO.
A new report from the Financial Times reveals that Uber has explored a potential bid for Seattle-based travel giant Expedia Group.
In the latest trading session, Uber Technologies (UBER) closed at $81.90, marking a -1.56% move from the previous day.