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

Quick Summary:

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.

Yet another major investment is going down in the travel sector, underscoring its ongoing rebound after the Covid-19 pandemic.

TechCrunch" /> Prosus buys Despegar for $1.

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Article Details

Author / Journalist: Ingrid Lunden

Category: Technology

Markets: United StatesArgentinaBrazil

Topics: Despegar Prosus Tourism Commerce Travel Consolidation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 13:51:05 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 680 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24598196

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