Prosus buys Despegar for $1.7B, taking a bite out of Latin America's travel sector

Yet another major investment is going down in the travel sector, underscoring its ongoing rebound after the Covid-19 pandemic. 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, to scale up its operations in the region.Despegar’s 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. With GDP acros ...