Expedia stock climbed 8% while Uber stock fell more than 3% in premarket trading on Thursday.
Uber spoke with advisors about a potential takeover in recent months, The Financial Times reported.
AdvertisementExpedia stock jumped as much as 8% in Thursday's premarket, while Uber tumbled more than 3% following a report the ride-hailing giant recently explored a takeover of the travel group.
A third party raised the idea of buying Expedia to Uber, sources told the FT, adding that merger talks were nascent and a deal might not materialize.
One source told the newspaper that Uber hasn't formally approached Expedia, and there were no ongoing discussions between the two companies.
Persons:
Uber, —, Expedia, Uber hasn't, Dara Khosrowshahi
Organizations:
Financial Times, Service
Locations:
Thursday's premarket