Prosus buys Despegar for $1.7B, taking a bite out of Latin Americas travel sector | TechCrunch
News Source : TechCrunch
News Summary
- Prosus, the tech conglomerate controlled by Naspers, is paying $1
- 7 billion to acquire Despegar, one of the biggest online travel agencies in Latin America
- With GDP across LatAm expected to grow 2%-3% next year, Prosus wants to lean into greater economies of scale in the region
- It already owns food delivery platform iFood and Sympla
Yet another major investment is going down in the travel sector, underscoring its ongoing rebound after the Covid19 pandemic. Prosus, the tech conglomerate controlled by Naspers, is paying $1.7 bill [+3264 chars]
-limited-logo-1200x675.png?v=20240522095703&w=240&h=240&zc=2){kind=logo}
Never miss a story from us, subscribe to our newsletter