Uber (UBER) is reportedly exploring a takeover bid for travel booking platform Expedia Group (EXPE) — which owns and operates sites like Trivago, Orbitz, and Vrbo — according to the Financial Times. Uber CEO Dara Khosrowshahi served as Expedia’s chief executive and president between 2005 to 2017, and still holds a non-executive seat on the company’s board. RBC Capital Markets equity analyst Brad Erickson talks more about this potential M&A action, noting Khosrowshahi’s relationship with both companies. “The very basic way to say it is when you think about anything that needs help moving around the world from point to point, whether that’s a good a thing, a person, what have you. That’s where Uber wants to be,” Erickson tells Yahoo Finance. “And I think when they’re talking about M&A, that’s specifically what they’re they’re going after.” Erickson believes Uber will not go the way of a super app — or everything app — which is very popular among Chinese tech developers. Despite his hesitations around an Uber-Expedia deal, Erickson remains broadly bullish on Uber.
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