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 is set at $19.50 per share, representing a 33% premium to the closing share price as of December 20, 2024, and a 34% premium to Despegar's 90-day VWAP. Despegar's board has approved the transaction.
December 23, 2024 | 12:30 pm
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POSITIVE IMPACT
Despegar is set to be acquired by Prosus for $1.7 billion, with a share price of $19.50, a 33% premium over the 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 likelihood of the transaction proceeding, boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100