Expedia Chairman Barry Diller says deal with Uber is `not going to happen'

seekingalpha11-04 22:05

Mike Coppola/Getty Images Entertainment Expedia (NASDAQ:EXPE) Chairman and media mogul Barry Diller said no deal with Uber (UBER) is going to take place. "Full stop, it's not going to happen," Diller ...

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happen'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-04 22:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4242246-expedia-chairman-barry-diller-says-deal-with-uber-is-not-going-to-happen><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mike Coppola/Getty Images Entertainment Expedia (NASDAQ:EXPE) Chairman and media mogul Barry Diller said no deal with Uber (UBER) is going to take place. \"Full stop, it's not going to happen,\" Diller ...</p>\n\n<a href=\"https://seekingalpha.com/news/4242246-expedia-chairman-barry-diller-says-deal-with-uber-is-not-going-to-happen\">Source 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last month that Uber (UBER) was considering a possible takeover of Expedia (EXPE). Uber (UBER) talked to advisers in recent months about a bid for Expedia (EXPE) after an acquisition of the travel booking company was broached by a third party, according to a Financial Times report last month.  On Thursday, Uber (UBER) CEO Dara Khosrowshahi said the company is not looking to do big or \"transformational\" deals.  \"To the extent that we go out and do M&A, it will tend to be, at this point, smaller deals that are much more kinda closer to home in terms of what we do,\" Khosrowshahi said in an interview with CNBC on Thursday. \"We are not looking at this point to do big deals, transformational deals, one way or the other.\" Diller said he doesn't believe Expedia (EXPE) will do any deal at this time with any party.  \"If ever there's a wrong time for Expedia to actually exchange its shares, it's now,\" Diller explained. \"I don't want to do it. I don't think that Expedia should be sold, and I have enough voting shares that I probably can't get anything done, but I can certainly stop something from being done.\" More on Expedia","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480587737"}