tech:

taffy

Expedia appoints Mark Okerstrom CEO

Expedia has appointed Mark Okerstrom, the company’s chief financial officer and executive vice president of Operations, as president and CEO. He will also join Expedia’s board.

Mr. Okerstrom succeeds Dara Khosrowshahi, who has joined Uber as CEO. Mr. Khosrowshahi will continue to be a member of the Expedia board.

Mr. Okerstrom joined Expedia in 2006. Prior to that, he was a consultant with Bain & Company in Boston and San Francisco, and worked with UBS Investment Bank in London. Prior to that, he practiced as an attorney with the global law firm of Freshfields Bruckhaus Deringer in London.

Mr. Okerstrom holds an MBA degree from Harvard Business School and a law degree from the University of British Columbia.

[Image courtesy: Expedia]

Just in

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.