Changes in US stocks | Rumor has it that Uber (UBER.US) is considering buying the travel website Expedia, and its stock price has been falling 7% for the fourth time in a row

Zhitongcaijing · 10/17 15:33

The Zhitong Finance App learned that on Thursday, Uber (UBER.US) weakened again after opening, and the stock price had already broken out of four consecutive losses of 7%. As of press release, it had fallen 2.22% to $80.08. According to the news, on October 17, according to people familiar with the matter, Uber has been in touch with advisors in recent months to discuss the idea of acquiring Expedia and evaluate whether this deal is a viable one. One of the highlights of Uber's discussions is what role should be played in this deal by current Uber CEO Dara Khosrowshahi. Khosrowshahi served as CEO of Expedia from 2005 to 2017, and is currently still a non-executive director of Expedia's board of directors.

If it succeeds in acquiring this nearly $20 billion travel site, this deal will be Uber's biggest deal. However, people familiar with the matter warned that Uber's interest in acquiring Expedia is still in the very early stages. Currently, Expedia has not been officially contacted or discussed, so this acquisition may not be realized.