Prosus NV to Acquire Despegar.com for $1.7 Billion

1 day ago

Investment giant Prosus NV has announced its intention to acquire Latin American online travel agency Despegar.com Corp for $1.7 billion. The offer is priced at $19.50 per share, representing a 33% premium over the closing price on December 20. This acquisition is part of Prosus's strategy to replicate its successful investment in Chinese internet company Tencent Holdings.

Prosus CEO Fabricio Bloisi has committed to doubling the company's value over the next four years. Last month, Prosus's Chief Investment Officer and President, Ervin Tu, emphasized the group's focus on efficiently allocating capital in sectors such as online food, classifieds, payments, and fintech.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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