According to the Financial Times, Uber is reportedly considering acquiring Expedia Group (EXPE), the travel booking platform that owns and operates sites such as Trivago, Orbitz, and Vrbo. Uber CEO Dara Khosrowshahi served as CEO and president of Expedia from 2005 to 2017 and currently holds a non-executive seat on the company’s board of directors.
RBC Capital Markets equity analyst Brad Erickson elaborated on this potential M&A action, citing Khosrowshahi’s relationship with both companies.
“In very basic terms, when you think about what you need help getting from point to point around the world, whether it’s a good thing, whether it’s a person, what you have, etc. That’s what Uber is all about,” Erickson said. Yahoo Finance. “And I think when they’re talking about M&A, that’s what they’re specifically pursuing.”
Ericsson believes Uber won’t go the way of the super-apps or even all-apps that are so popular among Chinese technology developers. Despite his hesitation about the Uber-Expedia deal, Ericsson remains generally bullish on Uber.
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This post was written by Luke Carberry Mogan.
