Uber (UBER.US) is rumored to be interested in acquiring Expedia (EXPE.US), up nearly 7% in the premarket

Zhitongcaijing · 10/17 11:33

The Zhitong Finance App learned that before the US stock market on Thursday, Expedia (EXPE.US) rose nearly 7%. Earlier, there were reports that Uber (UBER.US) is considering acquiring the company to diversify its business.

According to people familiar with the matter, after a third party proposed to buy the travel booking company Expedia, Uber has discussed bidding for this company with its advisors in recent months.

According to reports, Uber's interest is described as being in a very early stage, and there may not be any agreement. The online car-hailing company has yet to make formal contacts, and there are currently no negotiations.

According to the report, Uber discussions focused on the role of Uber CEO Dara Khosrowshahi, who served as CEO of Expedia from 2005 to 2017 and is currently still a non-executive director. Given the CEO's relationship with Expedia, any contact with the company is likely to be amicable, and he needs to avoid deal negotiations.

Uber, Expedia, and Expedia chairman Barry Diller declined to comment.