The international technology company Prosus announced the signing of a definitive agreement to acquire Despegar, the leading digital travel agency of Argentine origin in Latin America, at a price of $19.50 per share (totaling a value of USD 1.7 billion). This amount represents a 33% premium over the closing price of the shares as of December 20, 2024, and a 34% premium relative to the weighted average of the last 90 days.
Despegar’s Executive Committee approved the transaction and recommended that its shareholders vote in favor, based on the unanimous assessment of a specialized commission. According to Prosus, this acquisition aims to strengthen its presence in Latin America, expanding its regional ecosystem to more than 100 million customers in the sectors of e-commerce, travel, and financial technology.
A strategic transaction for both companies
«Despegar is a highly profitable company with an attractive market position and an experienced leadership team,» said Fabricio…
