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Expedia's valuation gap versus Booking Holdings is unjustified, with EXPE trading at a significant discount despite solid growth and returns. EXPE share trades at 8.2 x P/cash earnings and 0.5 PEG on 2025 estimates that are below consensus. Cash earnings growth of 16% in the 2025-2026 period provides US$2bn in free cash flow, or 11% of market cap.
CNBC's Deirdre Bosa joins 'The Exchange' to report on news from Uber and Expedia.
Shares of Expedia Group Inc. rallied after the Financial Times on Wednesday reported that ride-hailing giant Uber Technologies Inc. had weighed a possible purchase of the travel-booking platform. But on Thursday, Wall Street analysts were more cautious.
The talks were in early stages and it is unclear whether an acquisition will take place since Uber has not formally approached Expedia, three people familiar with the process told the Financial Times.
Uber has discussed a potential acquisition of the travel booking company Expedia, CNBC confirmed. The talks were in early stages, and it's not clear if a deal will take place.
Expedia (EXPE) shares surged while those of Uber Technologies (UBER) moved lower Thursday morning following a report from the Financial Times that the ridesharing giant has explored acquiring the travel booking company.
Dan Ives, Wedbush Securities managing partner, joins 'Squawk Box' to discuss news of Uber exploring a possible bid for the travel booking website Expedia, why he believes the potential deal would make sense for Uber, and more.
Buying the online travel company would open up more routes to growth for Uber, by unlocking the possibility of a so-called super app.
Shares of Expedia Group Inc. jumped more than 7% in after-hours trading Wednesday after the Financial Times reported Uber Technologies Inc. was considering a bid to buy the online travel company.
Uber is considering an Expedia takeover bid, the FT reported. CEO Dara Khosrowshahi was once Expedia's CEO.