Prosus Acquires Despegar for $1.7 Billion in Major Latin American Expansion

The all-cash deal values Despegar at a 33% premium and positions Prosus to strengthen its presence in the region's growing travel sector.

Prosus will acquire Despegar, a leading Latin American online travel agency, for $1.7 billion in cash, paying $19.50 per share.
The purchase price represents a 33% premium over Despegar’s recent stock price and has been approved by Despegar’s Board of Directors.
The transaction is expected to close in the second quarter of 2025, pending shareholder and regulatory approvals.
Despegar will become a privately held company post-acquisition, with its shares delisted from the New York Stock Exchange.
Prosus aims to create synergies between Despegar and its other regional businesses, such as iFood and Sympla, to expand its ecosystem in Latin America.