Tech Giant Prosus to Purchase Latin America's Top Online Travel Agency, Despegar for $1.7bn

Global technology company Prosus is set to acquire Despegar, the leading online travel agency in Latin America, for $1.7 billion. The acquisition will be at $19.50 per share, marking a 33% premium on the share price as of December 20, 2024.

Despegar’s board of directors approved the acquisition and recommended that shareholders vote in favor of the proposed deal. This transaction will notably expand Prosus’s Latin American consumer base, with the company set to serve over 100 million customers across e-commerce, travel, and fintech sectors post-acquisition.

Prosus CEO Fabricio Bloisi stated that the acquisition highlighted the company’s strategy to build value by creating a high-quality ecosystem of complementary businesses. He praised D