Prosus and Despegar Complete Acquisition

Amsterdam's Prosus completes $1.7B acquisition of Latin American travel agency Despegar - Silicon Canals

Amsterdam-based Prosus, a global technology company, announced the completion of Despegar, a Latin American online travel agency’s acquisition at a purchase price of $19.50 per share. The completion comes five months after the initial announcement last year The announcement comes three months after Prosus reached a conditional agreement to acquire Amsterdam-based Just Eat Takeaway, creating the world’s fourth-largest food delivery group. The com…

Prosus, led by Koos Bekker completes $1.7 billion acquisition of Despegar

Key PointsProsus completed its $1.7 billion acquisition of Despegar, gaining Latin America’s largest online travel agency to bolster its digital lifestyle platform in the region.The deal aligns with Prosus’s strategic focus on high-growth sectors like travel, food, fintech, and classifieds across Latin America, India, and Europe.Despegar brings strong profitability, processing over 9.5 million transactions annually and reporting $706 million in …

Prosus and Despegar Complete Acquisition

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX) and Despegar, Latin America’s leading online travel agency, today jointly announce the completion of Prosus’s acquisition of Despegar (NYSE: DESP) at a purchase price of $19.50 per share. Completion of the transaction follows approval by Despegar’s board of directors and shareholders, and receipt of all required regulatory clearances. The transaction marks a significant mileston…