Stock Market News

Prosus to buy Latin American online travel agency Despegar.com for $1.7 billion

4 hours ago

Less than a minute

2024.12.23 07:21

(Reuters) – Dutch technology investor Prosus (OTC:) NV said on Monday it would buy Latin America-focussed online travel agency Despegar (NYSE:).com Corp for about $1.7 billion in cash.

Prosus, majority-owned by South Africa’s Naspers, said it would pay $19.50 per Despegar share, which is a premium of about 33% to the stock’s closing price on Friday.

Despegar.com’s shares jumped about 32% in premarket trade.

© Reuters. FILE PHOTO: Prosus' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Prosus said it plans to create synergies between Despegar, which operates in over 19 Latin American markets, and its other regional businesses such as food delivery platform iFood and events platform Sympla.

The deal is expected to close in the second quarter of 2025.

4 hours ago

Less than a minute

Bitcoin (BTC) $ 93,619.08 1.70%

Ethereum (ETH) $ 3,291.59 0.05%

Tether (USDT) $ 0.997594 0.01%

XRP (XRP) $ 2.15 3.03%

BNB (BNB) $ 673.68 3.13%

Solana (SOL) $ 183.30 1.64%

Dogecoin (DOGE) $ 0.306148 1.68%

USDC (USDC) $ 0.998965 0.04%

Lido Staked Ether (STETH) $ 3,280.65 0.28%

Cardano (ADA) $ 0.868171 1.68%

TRON (TRX) $ 0.247617 1.15%

Avalanche (AVAX) $ 35.82 2.97%

Chainlink (LINK) $ 22.26 2.17%

Wrapped stETH (WSTETH) $ 3,915.99 0.35%

the-open-network

Toncoin (TON) $ 5.38 0.37%

Shiba Inu (SHIB) $ 0.000021 0.76%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 93,403.03 1.79%

Sui (SUI) $ 4.15 2.01%

Stellar (XLM) $ 0.349133 1.65%

Polkadot (DOT) $ 6.88 0.10%

hedera-hashgraph

Hedera (HBAR) $ 0.262607 1.97%

WETH (WETH) $ 3,292.35 0.05%

LEO Token (LEO) $ 9.34 0.10%

Bitcoin Cash (BCH) $ 434.84 1.91%

Hyperliquid (HYPE) $ 25.61 18.78%

Uniswap (UNI) $ 13.30 3.19%

Litecoin (LTC) $ 99.93 0.34%

Pepe (PEPE) $ 0.000017 1.11%

Wrapped eETH (WEETH) $ 3,478.66 0.02%

NEAR Protocol (NEAR) $ 5.03 0.31%

Ethena USDe (USDE) $ 0.99685 0.15%

Bitget Token (BGB) $ 4.03 2.10%

USDS (USDS) $ 1.00 0.53%

Aptos (APT) $ 9.06 1.74%

Aave (AAVE) $ 330.30 11.60%

internet-computer

Internet Computer (ICP) $ 9.96 1.11%

crypto-com-chain

Cronos (CRO) $ 0.1516 2.80%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.470308 0.83%

Mantle (MNT) $ 1.16 0.29%

Ethereum Classic (ETC) $ 25.96 0.60%

VeChain (VET) $ 0.045208 0.08%

Render (RENDER) $ 7.00 0.89%

WhiteBIT Coin (WBT) $ 24.34 0.27%

Monero (XMR) $ 189.18 1.34%

Dai (DAI) $ 0.999123 0.04%

MANTRA (OM) $ 3.49 4.17%

Artificial Superintelligence Alliance (FET) $ 1.26 0.77%

Bittensor (TAO) $ 443.72 2.05%

Arbitrum (ARB) $ 0.752346 1.39%

Filecoin (FIL) $ 4.87 0.60%