Despegar Shareholders Approve $1.7 Billion Acquisition by Prosus, Closing Anticipated in Q2 2025
Despegar.com Corp. has secured shareholder approval for its acquisition by Prosus, valued at $1.7 billion, with a purchase price of $19.50 per share. The merger will see a subsidiary of Prosus merge with Despegar, which will remain the surviving entity. The transaction is expected to close in Q2 2025, subject to regulatory approvals and customary conditions.
Despegar.com Corp. has announced that it has entered into a definitive merger agreement to be acquired by Prosus, a leading global technology company, for $19.50 per share in an all-cash transaction. This acquisition values Despegar at approximately $1.7 billion. The merger agreement stipulates that a wholly owned subsidiary of Prosus will merge with Despegar, which will continue as the surviving entity. Despegar’s shareholders recently voted in favor of the merger proposal, with 94.7% approval. The transaction is expected to close in the second quarter of 2025, pending regulatory clearances and other customary conditions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Despegar.com Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250425424437) on April 29, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
