BUZZ-Despegar.com jumps on Prosus's $1.7 bln buyout offer

Reuters

2024-12-23

BUZZ-Despegar.com jumps on Prosus's $1.7 bln buyout offer

** Online travel agency Despegar.com Corp DESP.N shares rise 32.8% to $19.50 premarket

** Dutch tech investor Prosus PRX.AS to buy Despegar.com for $19.50/shr in cash, a 33% premium to last close

** Deal worth about $1.7 bln overall, including debt

** 4 of 6 brokerages rate DESP "buy"; median PT is $19 -LSEG data

** As of Friday, DESP has gained about 55% YTD

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.Parmar@thomsonreuters.com;))

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