Prosus to buy Latin American online travel agency Despegar.com for $1.7 bln (updated)
23/12/2024 12:12
(Adds deal details, share movement from paragraph 2 onwards)
Dec 23 (Reuters) - Dutch technology investor Prosus NV
PRX.AS said on Monday it would buy Latin America-focussed
online travel agency Despegar.com Corp DESP.N for about $1.7
billion in cash.
Prosus, majority-owned by South Africa's Naspers NPNJn.J ,
said it would pay $19.50 per Despegar share, which is a premium
of about 33% to the stock's closing price on Friday.
Despegar.com's shares jumped about 32% in premarket trade.
Prosus said it plans to create synergies between Despegar,
which operates in over 19 Latin American markets, and its other
regional businesses such as food delivery platform iFood and
events platform Sympla.
The deal is expected to close in the second quarter of 2025.
(Reporting by Kannaki Deka in Bengaluru; Editing by Savio
D'Souza)
((Kannaki.Deka@thomsonreuters.com;))