| 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. |
businesswire.com |
2025-05-15 14:37:00 |
Czytaj oryginał (ang.) |
| 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. |
businesswire.com |
2025-05-15 13:31:00 |
Czytaj oryginał (ang.) |
| 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. |
businesswire.com |
2025-04-29 10:00:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2025-03-27 10:57:29 |
Czytaj oryginał (ang.) |
| 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. |
businesswire.com |
2025-01-29 19:11:00 |
Czytaj oryginał (ang.) |
| Assessing Prosus' Value After The Despegar Acquisition And Tencent's Correction |
Prosus N.V. stock trades at a significant discount to its NAV, which primarily consists of Tencent Holdings Limited shares. Tencent itself has underperformed recently, meaning that Prosus potentially offers a “double discount” opportunity for value investors. I don't think Prosus can eliminate its NAV discount any time soon, but moves such as the Despegar.com acquisition are incrementally small steps in the right direction. |
seekingalpha.com |
2025-01-08 20:19:00 |
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| $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. |
prnewswire.com |
2024-12-30 18:50:00 |
Czytaj oryginał (ang.) |
| 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. |
techcrunch.com |
2024-12-23 10:51:05 |
Czytaj oryginał (ang.) |
| 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. |
businesswire.com |
2024-12-23 09:35:00 |
Czytaj oryginał (ang.) |
| 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. |
reuters.com |
2024-12-23 09:16:23 |
Czytaj oryginał (ang.) |
| 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. |
businesswire.com |
2024-12-23 09:07:00 |
Czytaj oryginał (ang.) |
| Prosus to Acquire Latin America's Leading Online Travel Agency, Despegar, for US$1.7bn |
AMSTERDAM & JOHANNESBURG, South Africa--(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 rec. |
businesswire.com |
2024-12-23 09:06:00 |
Czytaj oryginał (ang.) |
| Despegar.com Enters Into Merger Agreement to Be Acquired by Prosus for $19.50 Per Share in Cash |
BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP) (“Despegar” or the “Company”), Latin America's leading travel technology company, today announced that it has entered into a definitive merger agreement (“the Agreement”) to be acquired by Prosus (Euronext: PRX), a leading global technology company for $19.50 per share in an all cash transaction (the “Transaction”), representing an enterprise value of approximately $1.7 billion for Despegar. The transaction price represen. |
businesswire.com |
2024-12-23 08:50:00 |
Czytaj oryginał (ang.) |
| What Makes Despegar.com (DESP) a Strong Momentum Stock: Buy Now? |
Does Despegar.com (DESP) have what it takes to be a top stock pick for momentum investors? Let's find out. |
zacks.com |
2024-11-29 15:00:29 |
Czytaj oryginał (ang.) |
| Despegar.com's Growth Outlook Is Fairly Valued |
Despegar.com, Corp. has shown strong growth with good tourism growth in Latin America, boosted further by market share gains, acquisitions, and B2B revenue growth. The Q3 results represented good financial momentum with greatly improving margins. The earnings growth tailwinds are in part moderated by a weaker mid- to long-term take rate outlook, as well as elevated currency risks. |
seekingalpha.com |
2024-11-27 11:18:12 |
Czytaj oryginał (ang.) |
| Is Despegar.com (DESP) Stock Outpacing Its Transportation Peers This Year? |
Here is how Despegar.com (DESP) and International Consolidated Airlines Group SA (ICAGY) have performed compared to their sector so far this year. |
zacks.com |
2024-11-22 12:45:47 |
Czytaj oryginał (ang.) |
| L Catterton Latin America Makes Strategic Investment in WeVets |
Company to Leverage L Catterton's Global Pet Industry Experience to Accelerate Veterinary Platform Expansion in Brazil GREENWICH, Conn. , Nov. 18, 2024 /PRNewswire/ -- L Catterton, a leading global consumer-focused investment firm, today announced that it has made a strategic investment in WeVets (the "Company"), a leading independent veterinary hospital group in Brazil operating 24-hour centers and diagnostic labs, making high-quality veterinary care more accessible throughout Brazil. |
prnewswire.com |
2024-11-18 11:30:00 |
Czytaj oryginał (ang.) |
| Despegar.com Announces 3Q24 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 September 30, 2024 (“third quarter 2024” or “3Q24”). 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 to year-end audit and adjus. |
businesswire.com |
2024-11-14 18:03:00 |
Czytaj oryginał (ang.) |
| Despegar.com to Announce Third Quarter 2024 Financial Results on November 14, 2024 |
BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP) (“Despegar” or the “Company”), Latin America's leading travel technology company, today announced that it will report its Third Quarter 2024 results on Thursday, November 14, after the market close. Earnings Release Thursday, November 14, 2024 Time: After Market Close Conference Call Thursday, November 14, 2024 Time: 4:30 p.m. Eastern Time To participate, please dial +1 (888) 330-2413 (U.S. domestic) +1 (240) 789-2721 (In. |
businesswire.com |
2024-11-07 18:08:00 |
Czytaj oryginał (ang.) |
| Despegar Licenses its AI Technology to Karisma Hotels & Resorts |
BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP) (“Despegar” or the “Company”), Latin America's leading travel technology company, announces its first Software as a Service (SaaS) partnership with Karisma Hotels & Resorts. Through this innovative collaboration, Despegar will license its cutting-edge AI Travel Assistant, Sofia, to enhance the existing chatbot functionalities of Karisma Group, setting a new standard for digital engagement in the hospitality industry. |
businesswire.com |
2024-10-25 12:00:00 |
Czytaj oryginał (ang.) |
| Strength Seen in Despegar.com (DESP): Can Its 7.4% Jump Turn into More Strength? |
Despegar.com (DESP) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. |
zacks.com |
2024-10-18 09:46:09 |
Czytaj oryginał (ang.) |
| Despegar.com (DESP) Recently Broke Out Above the 20-Day Moving Average |
Despegar.com (DESP) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, DESP crossed above the 20-day moving average, suggesting a short-term bullish trend. |
zacks.com |
2024-10-03 14:36:11 |
Czytaj oryginał (ang.) |
| Despegar.com: Excellent Value In An Expensive Market |
Despegar.com is a strong buy due to its robust constant-currency bookings growth and market-leading position in Latin America, despite FX headwinds. The company benefits from exposure to fast-growing emerging economies, increasing middle-class travel in Latin America, and lucrative vacation package deals, boosting its take rates. U.S. interest rate cuts could ease FX headwinds, enhancing Despegar's appeal as a value stock with a low 5.2x EV/FY24 adjusted EBITDA multiple. |
seekingalpha.com |
2024-09-19 08:15:00 |
Czytaj oryginał (ang.) |
| Despegar.com, Corp. (DESP) Q2 2024 Earnings Call Transcript |
Despegar.com, Corp. (NYSE:DESP ) Q2 2024 Earnings Conference Call August 15, 2024 4:30 PM ET Company Participants Luca Pfeifer - Investor Relations Damian Scokin - Chief Executive Officer Sebastian Mackinnon - Chief Partner and Corporate Affairs Manager Gonzalo Estebarena - Chief Technology Officer Amit Singh - Chief Financial Officer Conference Call Participants Naved Khan - B. Riley Securities Andrew Ruben - Morgan Stanley Jacob Seed - TD Cowen Brett Knoblauch - Cantor Fitzgerald Operator Good morning and welcome to Despegar's First Quarter 2024 Earnings Conference Call. |
seekingalpha.com |
2024-08-16 01:50:20 |
Czytaj oryginał (ang.) |
| Despegar.com Announces 2Q24 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 June 30, 2024 (“second quarter 2024” or “2Q24”). 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 to year-end audit and adjustmen. |
businesswire.com |
2024-08-15 20:05:00 |
Czytaj oryginał (ang.) |
| Best Growth Stocks to Buy for July 30th |
EAT, VRT, and DESP made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 30, 2024. |
zacks.com |
2024-07-30 11:05:19 |
Czytaj oryginał (ang.) |