Uber Explores $20 Billion Expedia Acquisition

Uber is exploring a potential acquisition of Expedia, valued at $20 billion, which would mark its largest acquisition to date. The Financial Times reports that Uber met with advisors to assess the feasibility of the deal, although no formal offer has been made. Uber CEO Dara Khosrowshahi, who was formerly CEO of Expedia, remains a non-executive director on its board and is expected to recuse himself from discussions if talks progress. The acquisition would align with Uber's strategy to expand beyond ride-hailing into a 'super app' model, encompassing various travel and logistics services. Shares of Expedia surged following the news, while Uber's shares declined slightly. The discussions are in early stages, and it remains uncertain if the deal will materialize.