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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 to double global inventory by year’s end
Reading Time: < 1 minuteArgentina: Latin American online travel agency Despegar is planning to double its global property inventory in the short-term rental market by the end of 2023 as it continues to bet heavily on the segment.
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.
Despegar set to buy Brazilian OTA ViajaNet for circa $15m
Reading Time: 2 minutesLatAm: Online travel company Despegar has announced that it has agreed to buy Brazilian online travel agency ViajaNet for approximately $15 million.
Despegar acquires stake in Brazilian channel manager Stays.net
Reading Time: 2 minutesArgentina / Brazil: Argentinean online travel agency Despegar is to purchase a 51 per cent stake in Brazilian SaaS business Stays.net for approximately $3.1 million.