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Despegar to be acquired by Prosus in $1.7bn deal
Reading Time: 2 minutesBritish Virgin Islands / South America: Latin American online travel service company Despegar has entered into a definitive merger agreement to be acquired by global technology firm Prosus, with the deal valuing Despegar at $1.7 billion.
Despegar boosts supply in Brazil and Mexico to compete with OTAs
Reading Time: 2 minutesLatAm: Online travel agency Despegar is looking to compete with the likes of Airbnb, Vrbo and Booking.com by rapidly adding vacation rentals in Brazil and Mexico.