Prosus N.V. and Despegar have announced the completion of Prosus's acquisition of Despegar, Latin America's leading online travel agency. The transaction was finalized at a purchase price of $19.50 per share, following approval from Despegar's board of directors and shareholders, as well as receipt of all necessary regulatory clearances. This acquisition is a significant milestone in Prosus's strategy to expand its digital lifestyle ecosystem in Latin America, which serves over 100 million customers across various sectors including travel, food delivery, and fintech. Prosus aims to leverage this acquisition to enhance its lifestyle ecommerce offerings in the region.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prosus NV published the original content used to generate this news brief via Business Wire (Ref. ID: 20250515846522) on May 15, 2025, and is solely responsible for the information contained therein.