Despegar ( (DESP) ) has provided an announcement.

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Despegar has entered into a definitive merger agreement to be acquired by Prosus for $19.50 per share in an all-cash transaction, valuing Despegar at approximately $1.7 billion. The merger, approved by Despegar’s Board of Directors, represents a 34% premium over Despegar’s 90-day average trading price and is expected to close in Q2 2025, subject to shareholder and regulatory approvals. This acquisition will allow Despegar to leverage Prosus’s resources, operational expertise, and advanced AI capabilities, potentially accelerating its growth strategy and enhancing its market presence in Latin America. The transaction is expected to provide significant value to Despegar’s shareholders and improve customer experience through expanded services and solutions.

More about Despegar

Despegar is a leading travel technology company in Latin America, known for revolutionizing the tourism industry in the region through technology for over two decades. The company is part of a consolidated group that includes well-known brands like Decolar, Best Day, and Viajes Falabella.

YTD Price Performance: 54.86%

Average Trading Volume: 1,059,959

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $976.4M

See more insights into DESP stock on TipRanks’ Stock Analysis page.

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