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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">Uber Technologies Inc. (NASDAQ: UBER) is reportedly exploring a potential acquisition of Expedia Group Inc. (NASDQ: EXPE), a move that could significantly reshape the travel and transportation industry. The <a aria-label="Financial Times reported (opens in a new tab)" href="https://www.ft.com/content/94a25bf7-e62b-462a-a4f0-e4feb6e244f7" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Financial Times reported</a> on October 17, 2024, that Uber has approached advisers to examine the feasibility of a deal, although no formal approach has been made to Expedia and there are currently no active discussions.</p> 
<h3 id="uber-s-potential-bid-for-expedia">Uber’s Potential Bid for Expedia</h3> 
<p>The potential acquisition would mark Uber’s largest to date, with Uber’s market capitalization standing at $173 billion compared to Expedia’s $20 billion. <br><br>Uber CEO Dara Khosrowshahi, who led Expedia from 2005 to 2017 and remains a non-executive board director, would likely recuse himself from deal talks. The move aligns with Khosrowshahi’s vision of Uber as the “<a href="https://www.businessinsider.in/thelife/news/inside-uberaposs-effort-to-become-the-amazon-of-transportation/slidelist/86010841.cms" target="_blank" aria-label="Amazon of transportation (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">Amazon of transportation</a>,” potentially expanding the ride-hailing giant’s reach into the travel booking sector.</p> 
<p>Uber, which became profitable for the first time in 2023, has been diversifying its services beyond ride-hailing to include train and flight bookings, food delivery, and logistics. <br><br>The company has also made notable acquisitions in recent years, including Postmates for $2.65 billion and Drizly for $1.1 billion. An Expedia acquisition could provide synergies between ride-hailing and travel booking services, allowing Uber to offer more comprehensive travel solutions to customers.</p> 
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<h3 id="expedia-stock-gains-uber-dips-in-premarket-trading">Expedia Stock Gains, Uber Dips in Premarket Trading</h3> 
<p>Following the news, both companies experienced significant stock movements in <a href="https://tokenist.com/investing/how-to-trade-after-hours/" rel="dofollow" class="deco-link">pre-market trading</a>. As of 9:25 AM EDT (at the time of writing), Uber’s stock was down 2.63% to $79.75, while Expedia’s stock surged 6.60% to $160.80.</p> 
<p>Uber’s stock has shown strong performance over the past year, with a 1-year return of 88.36%, outperforming <a href="https://tokenist.com/investing/spx-vs-spy/" rel="dofollow" class="deco-link">the S&amp;P 500’s</a> 35.00% gain. The company’s market capitalization stands at $172.07 billion, with a trailing twelve-month revenue of $40.06 billion and a net income of $2.01 billion. Analysts’ recommendations for Uber stock lean towards “Buy.”</p> 
<p>Expedia, one of the world’s largest travel booking companies, reported its highest-ever annual revenue in 2023. However, the company faced challenges in early 2024, noting a slower-than-anticipated recovery at its Vrbo brand and a softening in travel demand. <br><br>Despite these headwinds, Expedia’s stock has shown a 1-year return of 52.12%, also outperforming the S&amp;P 500. The company’s market capitalization is $19.68 billion, with trailing twelve-month revenue of $13.26 billion and net income of $808 million. Like Uber, analyst recommendations for Expedia stock lean towards “Buy.”</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/uber-reportedly-considered-acquiring-expedia-stocks-react-in-pre-market/">Uber Reportedly Considered Acquiring Expedia, Stocks React in Pre-Market</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Uber Reportedly Considered Acquiring Expedia, Stocks React in Pre-Market

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