Uber Technologies CEO Dara Khosrowshahi. Photo: Jose Sarmento Matos/Bloomberg via Getty Images
Uber has explored the idea of acquiring Expedia, according to reports.
Why it matters: The deal, if it were to happen, would be Uber's largest ever acquisition and would present a new potential growth area for the $170 billion ride-hailing company.
Context: Uber's interest in the travel platform was described as "very early stage," and there are no current discussions underway, a person familiar with the process told the FT, which first reported the news.
Zoom in: Uber was originally presented with the idea by a third party, per the report.
It reportedly then reached out to advisers. One of the areas it was looking at was how to deal with the fact that CEO Dara Khosrowshahi is a non-executive director at Expedia, having served as chief executive there for over a decade to 2017.
The impact: Both stocks moved, as tends to happen with merger news, however early. Expedia closed up 4.8%, while Uber lost 2.5%.
