Prosus buys Despegar for $1.7B, taking a bite out of Latin Americas travel sector | TechCrunch

Image for article 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
  • The board of directors has approved the deal, which will now go to a shareholder vote, Prosus said in a statement today
  • It expects the deal to close in Q2 of 2025
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]

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