Uber Eyes Bold $20 Billion Expedia Takeover--A Game-Changing Move for the Travel Industry [Yahoo! Finance Canada]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance Canada
shockwaves through the market, with Expedia's stock surging over 7% following the news. This deal, if it materializes, would mark a major strategic play by Uber as it pushes to dominate the travel sector, adding to its existing ride-hailing, food delivery, and logistics services. Uber CEO Dara Khosrowshahi, who previously served as Expedia's CEO, is in a prime position to make this acquisition a reality, leveraging his deep understanding of the company to create new synergies and expand Uber's service ecosystem. The timing couldn't be more perfect. Uber has been riding high with an 85% stock increase over the past year and its first year of operating profitability. Acquiring Expedia would not only diversify Uber's offerings but also push it closer to its vision of becoming a "super app" like China's WeChat. The added infrastructure from Expediacovering flight, hotel, and car bookingswould give Uber a massive competitive edge in the travel market. Analysts, including Wedbush's Dan Iv
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UBER
News
- Expedia stock jumps on report that Uber explored a takeover of the travel platform [Yahoo! Finance Canada]Yahoo! Finance Canada
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- Instacart hires Uber Delivery head of engineering as chief technology officer [Yahoo! Finance]Yahoo! Finance
UBER
Earnings
- 8/6/24 - Beat
UBER
Sec Filings
- 10/15/24 - Form 4
- 10/15/24 - Form 4
- 9/27/24 - Form 8-K
- UBER's page on the SEC website