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Expedia says CEO intends to accept offer to lead Uber, but deal isn't finalized

  • Expedia confirmed reports on Monday that its CEO had been offered the top post at Uber.
  • "Nothing has been yet finalized, but having extensively discussed this with Dara I believe it is his intention to accept," IAC's Barry Diller wrote to Expedia employees.
Dara Khosrowshahi
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Dara Khosrowshahi

Expedia confirmed reports on Monday that its CEO Dara Khosrowshahi had been offered the top job at Uber. But board member Barry Diller wrote in regulatory filings that while he's likely to accept the role, the arrangement has not yet been finalized.

Expedia filed the following memo with the Securities and Exchange Commission.

To:
All Expedia Employees

From:
Barry Diller

Re:
DK Update

As you probably know by now, Dara Khosrowshahi has been asked to lead Uber. Nothing has been yet finalized, but having extensively discussed this with Dara I believe it is his intention to accept. I also know the struggle he has been having out of both his abiding enthusiasm for Expedia's future as well as his loyalty to all of us. I know Dara would like to communicate now with all of you but I've asked him not to until this is fully resolved. If Dara does leave us, it will be to my great regret but also my blessing - he's devoted 12 great years to building this Company and if this is what he wants for his next adventure it will be with my best wishes. I say that because he deserves nothing less and I say that also because he will leave behind a tremendously talented corps of executives…

We both will be back in touch very soon.


Sincerely,
Barry Diller

Expedia shares were down more than 4 percent on Monday.