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The acquisition price is significantly above the current market price, indicating strong confidence in DESP's valuation.
What happened, with direct paths to the underlying reporting
Prosus acquires Despegar at $19.50 per share. Total acquisition cost is around $1.7 billion. Deal offers a 33% premium to Despegar's share price. Reflects confidence in the recovering travel sector. Indicates a strategic push into Latin America's travel market.
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