After reports that Uber was exploring a potential bid for Expedia, Chairman Barry Diller said there would be no deal with Uber
Nov 5, 2024
Expedia Chairman Barry Diller told CNBC on Monday that a rumored acquisition by Uber is “just not going to happen.” Last month, the *Financial Times* reported that Uber had been exploring a potential bid for Seattle-based travel giant Expedia Group and had reached out to advisers in recent months to explore the possibility at an early stage.
Key takeaways
- Diller acknowledged that an Uber-Expedia partnership could be seen as a sensible “industrial combination,” but he was adamant on Monday that such a deal will not happen;
- When asked about the possibility of Expedia merging with or being acquired by another company, Diller was skeptical. “I think Expedia is entering a period of significant growth,” said Diller, who is also chairman of IAC;
- He stressed, “I don’t think Expedia should be sold. I have enough voting shares to block any deal.
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