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Prosus Acquires Despegar for $1.7 Billion at $19.50 per Share, 33% Premium, Closing in Q2 2025

Dec 23, 2024, 03:03 PM

Prosus NV, a global internet investment firm, has announced its acquisition of Latin American online travel agency Despegar for $1.7 billion. The deal, which values Despegar at $19.50 per share, represents a 33% premium over the company's closing price on December 20. This acquisition is part of Prosus's strategy to expand its footprint in Latin America's travel sector. The transaction is expected to close in the second quarter of 2025. Following the announcement, Despegar's shares surged by over 30% in pre-market trading, reflecting investor optimism about the merger.