Despegar has been acquired
🏖️ Prosus, based in the Netherlands, to acquire Despegar, a Latin America online travel agency, for $1.7 billion on Jan 7, 2025. The all-cash deal aims to reach over 100 million Latin American customers, expanding in travel, e-commerce, and fintech. Despegar, founded in 1999, operates in 19 markets and will be delisted from NYSE upon shareholders' approval, including Expedia Group. Prosus sold its Trip.com stake in September for $743 million.
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