Prosus to Acquire Latin America's Leading Online Travel Agency, Despegar, for US$1.7bn
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Prosus has announced a definitive agreement to acquire Despegar, a leading Latin American online travel agency, for $1.7 billion. The acquisition price of $19.50 per share represents a 33% premium to Despegar's recent closing price and a 34% premium to its 90-day VWAP. Despegar's board has approved the transaction.
December 23, 2024 | 12:30 pm
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Despegar is being acquired by Prosus for $1.7 billion, with a share price of $19.50, a 33% premium over its recent closing price. The board has approved the deal.
The acquisition by Prosus at a significant premium is likely to positively impact Despegar's stock price in the short term. The board's approval further solidifies the deal's likelihood, making it a critical development for investors.
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