AMSTERDAM – Prosus (OTC:) NV (AEX:PRX), a global technology investor, has announced its plan to acquire Despegar (NYSE:NYSE:), a leading online travel agency in Latin America, for $1.7 billion. The transaction, which will see Despegar shareholders receive $19.50 per share, represents a 33% premium over Despegar’s closing share price on December 20, 2024, and a 34% premium over the company’s 90-day volume-weighted average price.
The acquisition, approved by Despegar’s board of directors, is expected to significantly expand Prosus’s customer base in Latin America to more than 100 million across various sectors, including e-commerce, travel, and fintech. Despegar, which operates in over 19 Latin American markets, has developed a robust omnichannel B2C platform and a growing B2B segment offering white-label solutions.
Prosus’s CEO, Fabricio Bloisi, emphasized the strategic fit of Despegar within their ecosystem, citing the travel agency’s profitability, market position, and experienced…
