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AP Photo/Paul Sakuma

Uber has picked Expedia CEO Dara Khosrowshahi as its next chief executive, as first reported by Recode and confirmed by Axios. A formal announcement could come as early as tomorrow.

Why it matters: Uber is the most highly-valued, pre-IPO tech startup in history — with dozens of venture capital firms (and their investors) having already baked in its success. It also has become one of Silicon Valley's most contentious corporate soap operas, while continuing to generate billions in revenue by having helped revolutionize global transportation.

Backstory: Coming into the weekend, there were two official finalists: Khosrowshahi and General Electric chairman Jeff Immelt. But Immelt got the sense by this morning that he didn't have enough support on the Uber board — despite (or perhaps because of) backing from former Uber CEO Travis Kalanick — and formally withdrew from consideration. That seemed to only leave Khosrowshahi, but multiple sources say that Hewlett-Packard CEO Meg Whitman reemerged as a serious contender, despite also having publicly bailed on the process late last month after her name leaked. In fact, Whitman was still in the mix as of early afternoon on Sunday.

Bio: Khosrowshahi has been CEO of Expedia since 2005, most of which time the travel site was part of IAC/InterActiveCorp (it spun out independently in 2005). Before that he served in other executive roles with IAC, and also spent time as an investment banker with Allen & Co. He currently sits on the boards of Fanatics and The New York Times Co.

Fun fact: Expedia was founded and initially led by Rich Barton, who once was a partner with Benchmark Capital — the VC firm that is Uber's largest outside shareholder, and the one suing Kalanick for fraud.

What's next? Uber is still missing a slew of senior positions, including chief financial officer, chief operating officer and global head of operations. It also needs to name an independent board chair, per an accepted recommendation of Eric Holder's recent report into sexual harassment and other negative aspects of Uber's corporate culture.

The story has been updated with the correct date Expedia was spun off.

Go deeper

The rebellion against Silicon Valley (the place)

Photo illustration: Sarah Grillo/Axios. Smith Collection/Gado via Getty Images

Silicon Valley may be a "state of mind," but it's also very much a real enclave in Northern California. Now, a growing faction of the tech industry is boycotting it.

Why it matters: The Bay Area is facing for the first time the prospect of losing its crown as the top destination for tech workers and startups — which could have an economic impact on the region and force it to reckon with its local issues.

Erica Pandey, author of @Work
2 hours ago - Economy & Business

Telework's tax mess

Illustration: Annelise Capossela/Axios

As teleworkers flit from city to city, they're creating a huge tax mess.

Why it matters: Our tax laws aren't built for telecommuting, and this new way of working could have dire implications for city and state budgets.

Wanted: New media bosses, everywhere

Illustration: Sarah Grillo/Axios

The Washington Post, Los Angeles Times, Reuters, HuffPost and Wired are all looking for new editors. Soon, The New York Times will be too.

Why it matters: The new hires will reflect a new generation — one that's addicted to technology, demands accountability and expects diversity to be a priority.