Tech Finance: Uber's Bold Move in Transportation with Expedia Acquisition Talks
Thursday, 17 October 2024, 04:52
Uber Explores M&A with Expedia
Tech finance is shaking with excitement as Uber has reportedly investigated a potential acquisition of Expedia. This development follows a report indicating that Expedia's inventory surged by up to 8% in Thursday's premarket, while Uber’s stock fell over 3%.
- Uber met with advisors to evaluate acquisition feasibility.
- Discussions are at an early stage, with no formal approach made to Expedia.
- The potential deal could mark Uber's largest acquisition yet.
Expedia's Financial Landscape
Expedia, valued at nearly $20 billion, outperformed Uber with approximately $13 billion in revenue last year. A merger could significantly influence the travel and tech finance sectors, aligning with Uber's vision of enhancing its transportation footprint.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.