DESP
Despegar.comDESP
DESP
Delisted
DESP was delisted on the 15th of May, 2025.
About: Despegar.com Corp is an online travel company in Latin America. Its product offering includes airline tickets, packages, hotels, and other travel-related products, which enables consumers to find, compare, plan, and purchase travel products easily. The company provides a technology platform for managing the distribution of products and providing access to users to the network of travel suppliers. It operates through three segments: Air, which consists of the sale of airline tickets; Packages, Hotels, and Other Travel Products, which consists of travel packages, as well as sales of hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance, and destination services; and Financial Services. Its geographical segments are Argentina, Brazil, Uruguay, Mexico, and other countries.
Employees: 4,593
Financial journalist opinion
Neutral
Business Wire
2 weeks ago
Prosus and Despegar Complete Acquisition
NEW YORK--(BUSINESS WIRE)--Prosus, a global technology company, and Despegar, Latin America's leading online travel agency, today jointly announce the completion of Prosus's acquisition of Despegar (NYSE: DESP) at a purchase price of $19.50 per share. Completion of the transaction follows approval by Despegar's board of directors and shareholders, and receipt of all required regulatory clearances. The transaction marks a significant milestone in Prosus's strategy to expand and strengthen its pr.
Neutral
Business Wire
2 weeks ago
Prosus and Despegar Complete Acquisition
AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX) and Despegar, Latin America's leading online travel agency, today jointly announce the completion of Prosus's acquisition of Despegar (NYSE: DESP) at a purchase price of $19.50 per share. Completion of the transaction follows approval by Despegar's board of directors and shareholders, and receipt of all required regulatory clearances. The transaction marks a significant milestone in Prosus's strategy to expand and strengthen it.
Neutral
Business Wire
1 month ago
Despegar.com Announces 4Q24 and FY24 Financial Results
BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP) (“Despegar” or the “Company”), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended December 31, 2024 (“Fourth quarter 2024” or “4Q24”) and full year 2024 (“FY24”). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Financial results are preliminary and subject.
Neutral
Seeking Alpha
2 months ago
Despegar.com: B2B Expansion, But Caution Due To Investigations In Brazil
Despegar.com posted a 35% increase in gross bookings and a 94% rise in adjusted EBITDA, with the B2B segment now representing 19% of total operations. The acquisition agreement with Prosus could strengthen Despegar's financial and technological position, pending shareholder and regulatory approval. Potential investigation impacts could adjust the acquisition price. Ongoing investigations into alleged fare fraud in Brazil pose reputational and legal risks. The outcome could impact the company's relationships and long-term valuation.
Neutral
Business Wire
4 months ago
Despegar and HBX Group Enter Into a Strategic Partnership
BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP) (“Despegar” or the “Company”), Latin America's leading travel technology company, announces a strategic partnership with HBX Group, a leading independent B2B travel technology marketplace. This collaboration marks a relevant step towards expanding Despegar's service offerings, particularly by integrating HBX Group's European and North American non-air inventory into Despegar's platform. Through this partnership Despegar p.
Neutral
PRNewsWire
5 months ago
$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Despegar.com, Corp. - DESP
NEW YORK , Dec. 30, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Despegar.com, Corp. (NYSE: DESP ), relating to the proposed merger with Prosus.
Positive
TechCrunch
5 months ago
Prosus buys Despegar for $1.7B, taking a bite out of Latin America's travel sector
Yet another major investment is going down in the travel sector, underscoring its ongoing rebound after the Covid-19 pandemic. 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.
Neutral
Business Wire
5 months ago
Shareholder Alert: Ademi LLP investigates whether Despegar.com, Corp. is obtaining a Fair Price for its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Despegar (NYSE: DESP) for possible breaches of fiduciary duty and other violations of law in its transaction with Prosus. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Despegar stockholders will receive $19.50 per share, representing an enterprise value of approximately $1.7 billio.
Positive
Reuters
5 months ago
Prosus to buy Latin American online travel agency Despegar.com for $1.7 bln
Dutch technology investor Prosus NV said on Monday it would buy Latin America-focussed online travel agency Despegar.com Corp for about $1.7 billion in cash.
Neutral
Business Wire
5 months ago
Prosus to Acquire Latin America's Leading Online Travel Agency, Despegar, for US$1.7bn
AMSTERDAM & JOHANNESBURG--(BUSINESS WIRE)--Prosus, a global technology company, today announces that it has entered into a definitive agreement to acquire Despegar (NYSE: DESP) a leading Latin American Online Travel Agency (OTA), for $19.50 per share, equating to a 33% premium to the closing share price as of 20 December 2024, and a 34% premium to Despegar's 90-day VWAP (volume weighted average price). The proposed transaction was approved by Despegar's board of directors, who recommended that.
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