Prosus Completes Acquisition of Despegar to Strengthen Latin American Presence

Prosus ( (NL:PRX) ) has shared an update.

Prosus has completed its acquisition of Despegar, a leading online travel agency in Latin America, at $19.50 per share. This acquisition is part of Prosus’s strategy to expand its digital lifestyle ecosystem in Latin America, leveraging Despegar’s platform alongside its existing services in food delivery, fintech, and classifieds. The acquisition is expected to enhance Prosus’s market position in Latin America by integrating Despegar’s travel expertise with Prosus’s technological capabilities, thereby unlocking new revenue streams and improving customer convenience.

More about Prosus

Prosus is a global technology company with a focus on creating an AI-driven world for its 2 billion customers. The company has investments in over 100 companies worldwide, specializing in food delivery, classifieds, and fintech. Prosus is known for building local e-commerce champions in growth markets and driving innovation through its unique technology ecosystem. Despegar, on the other hand, is the leading travel technology company in Latin America, operating in 20 countries and offering a range of travel services and alternative payment methods.

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