Uber to appoint Expedia chief

Uber is to appoint Expedia’s Dara Khosrowshahi as chief executive of the global ride-hailing leviathan, writes Eric Newcomer 

He will succeed co-founder Travis Kalanick, who developed Uber into a $20bn (€16.7bn) annual booking business last year before scandals forced him out and likely comes with a price tag of about $200m.

Khosrowshahi will face a number of hurdles as Uber — which has raised more than $15bn from private investors — navigates its way toward a still-unscheduled initial public offering.