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Finance

Prosus to buy Latin American online travel agency Despegar.com for $1.7 billion

Published by Global Banking & Finance Review

Posted on December 23, 2024

1 min read

· Last updated: January 27, 2026

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(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

Prosus to Acquire Despegar.com for $1.7 Billion in Cash Deal

(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)

Key Takeaways

Prosus NV to acquire Despegar.com for $1.7 billion.
The acquisition price is a 33% premium over Despegar's last closing price.
Despegar operates in over 19 Latin American markets.
Prosus aims to create synergies with its other regional businesses.
The deal is expected to close in Q2 2025.

Frequently Asked Questions

What is the main topic?

The main topic is Prosus NV's acquisition of Despegar.com for $1.7 billion, aimed at enhancing its presence in Latin America.

What is the significance of the acquisition?

The acquisition offers a 33% premium on Despegar's shares and aims to create synergies with Prosus's other regional businesses.

When is the deal expected to close?

The deal is expected to close in the second quarter of 2025.

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