The talks were in early stages, and it's not clear if a deal will take place., CNBC confirmed, in a deal that would push the ride-share company into new markets beyond car travel and food delivery.
The talks were in early stages, according to a person familiar with the discussions who asked not to be named since the talks are confidential. It remains unclear if an acquisition will take place. Expedia is familiar territory for Uber CEO Dara Khosrowshahi, who previously served as CEO of the travel group from 2005 to 2017. Khosrowshahi is still a non-executive member of Expedia's board.Shares of Expedia were up more than 6% Thursday morning.
Expedia users can book flights, lodging, cars and activities through the company's website, and it owns additional travel sites like Hotels.com, Vrbo and Orbitz. Expedia reported $28.8 billion total gross bookings in itsAn acquisition of Expedia would be a"‘major strategic home run" for Uber, Dan Ives, Wedbush Securities managing partner, told CNBC's"Squawk Box" on Thursday.
"They have a massive mojo, and they're just gaining more and more share," Ives said."I think they're going to be on the hunt for M&A."U.S.-listed shares of TSMC rise 9% in premarket after quarterly profit soars on AI demand