Despegar.com (DESP) and Prosus Complete Acquisition

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Go back to Despegar.com (DESP) and Prosus Complete Acquisition

Prosus and Despegar Complete Acquisition

May 15, 2025 10:37 AM EDT

NEW YORK--(BUSINESS WIRE)-- Prosus, a global technology company, and Despegar, Latin Americas leading online travel agency, today jointly announce the completion of Prosuss acquisition of Despegar (NYSE: DESP) at a purchase price of $19.50 per share.

Completion of the transaction follows approval by Despegars board of directors and shareholders, and receipt of all required regulatory clearances.

The transaction marks a significant milestone in Prosuss strategy to expand and strengthen its presence in Latin America, where the Group is creating a digital lifestyle ecosystem serving over 100 million customers across food delivery,... More