Published by Global Banking & Finance Review®
Posted on December 23, 2024
1 min readLast updated: January 27, 2026
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Prosus NV plans to buy Despegar.com for $1.7 billion, enhancing its presence in Latin America. The acquisition offers a 33% premium on Despegar's shares.
(Reuters) - Dutch technology investor Prosus NV said on Monday it would buy Latin America-focussed online travel agency Despegar.com Corp for about $1.7 billion in cash.
Prosus, majority-owned by South Africa's Naspers, said it would pay $19.50 per Despegar share, which is a premium of about 33% to the stock's closing price on Friday.
Despegar.com's shares jumped about 32% in premarket trade.
Prosus said it plans to create synergies between Despegar, which operates in over 19 Latin American markets, and its other regional businesses such as food delivery platform iFood and events platform Sympla.
The deal is expected to close in the second quarter of 2025.
(Reporting by Kannaki Deka in Bengaluru; Editing by Savio D'Souza)
The main topic is Prosus NV's acquisition of Despegar.com for $1.7 billion, aimed at enhancing its presence in Latin America.
The acquisition offers a 33% premium on Despegar's shares and aims to create synergies with Prosus's other regional businesses.
The deal is expected to close in the second quarter of 2025.
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