Uber considers $20bn takeover of US travel booking site

Uber is considering a bid to acquire US travel booking site Expedia, valued at around $20bn, in what could be the largest deal in Uber’s history to date.

The move is part of Uber’s efforts to diversify its business and explore new growth avenues, according to the Financial Times.

Informed sources said Uber’s interest in the deal is still in its early stages and the deal may not be completed, noting that no formal offer has been made to Expedia yet and there are no current discussions in this regard.