Uber has chosen a new chief executive: Expedia CEO Dara Khosrowshahi, according to a source close to the company. The embattled ride-hailing startup has been without a CEO since founder and former CEO Travis Kalanick resigned in June after an investigation into the company's culture. Khosrowshahi took the helm of Expedia (EXPE) when it spun out of InterActiveCorp's (IAC) IAC Travel division in 2005. Related: Uber's new CEO can't arrive soon enoughAs Uber's new CEO, Khosrowshahi will face a big job, including repairing the company's internal culture, navigating legal battles, and reducing its financial losses. The firm claims Kalanick is trying to "acquire the power to pack the Board to facilitate his desired re-appointment as Uber's CEO."

Source: CNN August 28, 2017 00:58 UTC