Despegar has been acquired

Prosus, a technology investment firm based in the Netherlands, is acquiring Latin America-based online travel agency Despegar for $1.7 billion in an all-cash deal

Jan 7, 2025

Prosus said the acquisition will expand its reach to more than 100 million customers in Latin America in sectors such as travel, e-commerce and fintech. The company also aims to drive synergies between Despegar and its other regional businesses, including food delivery platform iFood and events platform Sympia.

Key takeaways

• Subject to approval by shareholders, including Expedia Group, Despegar will become a privately held company and will be delisted from the New York Stock Exchange;
• As part of the Prosus Group, Despegar will be able to accelerate its growth plans. « This strategic move will not only strengthen Despegar’s market position, but also enhance its ability to innovate and compete, » the company said;
• Until recently, Prosus held a stake in Trip.com, but reportedly sold it in September for $743 million. Founded in 1999, Despegar operates in 19 markets throughout Latin America.

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