Prosus to Buy Online Travel Agency Despegar for $1.7 Billion

The Despegar website. — The Despegar website.
Source: Despegar

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By Loni Prinsloo

December 23, 2024 at 11:34 AM UTC

Updated on

December 23, 2024 at 12:44 PM UTC

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Prosus NV is acquiring online travel agency Despegar.com Corp. for $1.7 billion as the Dutch technology investor seeks to expand its online commerce presence in Latin America.

Despegar’s board approved the offer of $19.50 a share, a 33% premium to the closing price on Dec. 20, Prosus said in a statement Monday.