In his first public comments since Uber Technologies Inc. selected him as its new chief executive, Expedia Inc. However, Uber, under Kalanick's leadership, continued operations. Two anonymous sources with knowledge of the matter told Reuters on Sunday that Uber's board had chosen the 48-year-old executive who has been president and CEO of Expedia since 2005.
The litigation - extremely rare in the cozy world of Silicon Valley investing - has exposed deep and bitter divisions between Uber's backers. For example, the board discussed whether to team up with a vehicle company for Uber's driverless auto operation, tech news outlet The Information recently reported.
Uber's pick for the CEO job, Dara Khosrowshahi, said on Tuesday that he planned to accept the offer, but that the contract was still being finalized. Under his watch, Expedia gobbled up much of the competition as it sought to establish a stranglehold on travel and hotel bookings. The privately held Uber's total number of outstanding shares are worth just under $70 billion, while the total value of Expedia's shares is about $22 billion.
At Expedia, Khosrowshahi has been an outspoken chief executive.
Marketplace host Kai Ryssdal got the incoming host of Marketplace Tech, Molly Wood, on the phone to fill us in on where things stand at Uber and why Khosrowshahi would want to lead such a troubled company.
Khosroshahi's strong background in travel and transportation should be a benefit when it comes to guiding Uber through its next phase of growth, according to Bajarin.
Although Khosrowshahi hasn't formally taken the job, he's widely expected to do so.
During Khosrowshahi's 12-year tenure, Expedia's share price has increased eight times, while its market capitalization has expanded by $18 billion, RBC Capital Markets analyst Mark Mahaney said. Travis Kalanick may no longer have an operating role in his company, but as a key player in Uber's origin, he has a seat on the board, 10 percent of stock and 16 percent of voting rights in Uber, according to legal filings. He has also been an outspoken critic of President Donald Trump as well and has condemned his travel ban saying it "represents the worst of his proclivity toward rash action versus thoughtfulness".
Uber has also been investing in autonomous driving technology, and provoked a lawsuit from the former Google vehicle unit now called Waymo that accused Uber of stealing trade secrets.