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Uber CEO Dara Khosrowshahi
Acquired
The Acqusition of Expedia and the Impact of September 11th
The term sheet for IAC to buy Expedia was signed before September 11th, 2001./nThere was a material adverse change clause that allowed the parties to pull out of the deal./nDespite the uncertainty caused by September 11th, the parties decided to proceed with the deal./nThe CEO of IAC called and gave the option to back out of the deal due to the unstable business landscape./nThe CEO of the company showed confidence in the future and encouraged the continuation of the deal./nThe uncertain situation caused concern within the company and posed challenges for future growth.
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