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report in the Financial Times suggested ride-hailing giant Uber has explored a takeover offer for the travel company
. Citing three unnamed sources, The FT says Uber has been meeting with advisors to discuss whether a takeover would be feasible. Expedia is worth about US$20 billion, while Uber is currently worth about eight times that much. Uber shares are down about three per cent premarket as investors digest the news. It’s hard to understate the significance of Uber getting deeper into travel services, since Expedia owns not only its eponymous travel booking website but also Hotels.
, which has underperformed due to soft consumer demand for boats. The TSX-listed company says it has begun a sale process for lines like Alumacraft fishing boats, Manitou pontoons and Australian boat line Telwater. Interestingly, any sale will not include the iconic Sea-doo line of jetskis. The marine segment is a small part of BRP’s business as it is, and it’s getting smaller. Last quarter, revenue for the marine segment came in at just over $59 million.
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