Despegar to Be Acquired by Prosus for $1.7 Billion
Skift Take
Years ago, it appeared as though Expedia Group would be a likely buyer of Despegar since Expedia had taken a significant minority stake in the company. But Expedia backed away, and now Prosus is claiming the prize.
Latin America's largest online travel company, Despegar, agreed to be acquired by technology firm Prosus for $1.7 billion in cash.
In the announcement Monday, Despegar said it would "benefit from the significant resources, operational expertise and advanced AI capabilities provided by Prosus." The deal is slated to close in the second quarter of 2025.
Prosus has an extensive portfolio of holdings, including investments in China's Trip.com and Tencent. I has stakes in food delivery, payments and fintech, educational tech and classifieds, according
