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Prosus ( (PROSF) ) just unveiled an announcement.
Prosus has announced its acquisition of Despegar, a leading Latin American online travel agency, for $1.7 billion. This strategic move will expand Prosus’s ecosystem in Latin America, aiming to serve over 100 million customers across e-commerce, travel, and fintech sectors. The acquisition aligns with Prosus’s strategy to create a high-quality ecosystem of complementary businesses, leveraging its operational expertise and AI capabilities. Despegar’s integration is expected to drive user growth, engagement, and the introduction of new products, enhancing its value proposition in the region. The transaction is anticipated to close in Q2 2025, pending necessary approvals.
More about Prosus
Prosus is a global technology company with a significant presence in food delivery, classifieds, and fintech sectors. The company invests in over 100 companies worldwide, focusing on building local e-commerce champions in growth markets. Prosus is committed to leveraging AI and other technologies to enhance its portfolio, fostering innovation and growth.
YTD Price Performance: 40.52%
Average Trading Volume: 5,461
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $98B
See more data about PROSF stock on TipRanks’ Stock Analysis page.
