Prosus entered a merger agreement on December 23, 2024, to acquire Latin American online travel agency Despegar.com, Corp. (DESP) for $1.7 billion in cash.
As per the terms of the agreement, a wholly owned subsidiary of Prosus will merge with Despegar, with Despegar continuing as the surviving entity, and each outstanding share of Despegar will be converted into the right to receive $19.50 per share in cash, representing a 33.11% premium from the stock’s last close.