Prosus buys Despegar for $1.7B, taking a bite out of Latin America's travel sector
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Prosus is acquiring Despegar, a major online travel agency in Latin America, for $1.7 billion. This move highlights the travel sector's recovery post-Covid-19.
December 23, 2024 | 2:00 pm
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Despegar, a leading online travel agency in Latin America, is being acquired by Prosus for $1.7 billion. This acquisition is a significant move in the travel sector, indicating a strong recovery post-pandemic.
The acquisition by Prosus is a major development for Despegar, likely to positively impact its stock price due to the significant investment and the strategic importance of the deal in the recovering travel sector.
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IMPORTANCE 90
RELEVANCE 100