Prosus Acquires Despegar for $1.7 Billion, Offering $19.50 Per Share at 33% Premium

Dec 23, 2024, 12:14 PM

Prosus NV, a leading global internet investment firm, has announced its acquisition of Despegar, a prominent Latin American online travel agency, for $1.7 billion. The deal, which offers $19.50 per share, represents a 33% premium over Despegar's closing price of $14.63 on December 20. This acquisition marks a strategic expansion for Prosus in the Latin American market, as Despegar is recognized as one of the region's leading travel booking platforms. The transaction is expected to enhance Prosus's portfolio in the travel sector, further solidifying its presence in the online travel industry.