(Reuters) -Dutch know-how investor Prosus (OTC:PROSF) NV mentioned on Monday it might purchase Latin America-focused on-line journey company Despegar (NYSE:DESP).com Corp for about $1.7 billion in money, because it seems to be to develop its providers throughout Latin America.
Prosus, majority-owned by South Africa’s Naspers, mentioned it might pay $19.50 per Despegar share, which is a premium of about 33% to the inventory’s closing worth on Friday.
Despegar.com’s shares jumped about 32% in premarket buying and selling.
Prosus mentioned it plans to create synergies between Despegar, which operates in additional than 19 Latin American markets, and its different regional companies akin to meals supply platform iFood and occasions platform Sympla.
E-commerce is one in all Amsterdam-listed Prosus’ foremost areas of investments. It has a portfolio that features meals supply agency Supply Hero, on-line marketplaces akin to OLX, instructional software program corporations akin to SkillSoft and Stack Overflow, and funds firms akin to India-focused PayU.
Based in Argentina in 1999, Despegar is one in all Latin America’s largest on-line tourism platforms and has been affected by excessive inflation in Argentina and forex depreciation in opposition to the U.S. greenback in key markets Brazil and Mexico.
The deal is anticipated to shut within the second quarter of 2025.
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