Wrap Text
Prosus and Despegar Complete Acquisition
NASPERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000325783
(Naspers)
PROSUS AND DESPEGAR COMPLETE ACQUISITION
Joint announcement
Shareholders are hereby advised that Prosus N.V. (Prosus, and together with its subsidiaries, the
Prosus Group) (which is majority-owned by Naspers), 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
presence in Latin America, where the Group is creating a digital lifestyle ecosystem serving over 100
million customers across food delivery, classifieds, travel, experiences and fintech.
Fabricio Bloisi, CEO of Prosus Group said:
"With Despegar joining the Prosus family, we're accelerating our vision to build the most dynamic
lifestyle ecommerce ecosystems across Latin America, India, and Europe. By adding Latin America's
top travel platform to our portfolio and leveraging iFood's scale, our fintech capabilities, Sympla's
events and experiences, and OLX Brazil, we will unlock greater convenience for customers and open
exciting new revenue streams. We are redefining lifestyle ecommerce by creating experiences that
don't just meet needs, but anticipate them."
Damián Scokin, CEO of Despegar said:
"With Prosus as our partner, we will benefit from scale and expertise in AI to accelerate growth and
expand our service portfolio. We will continue to accelerate innovation, and set new standards in the
travel market, while also contributing to building Prosus's position as Latin America's premier lifestyle
ecosystem brand."
For more details and previous announcements from Prosus and Despegar on this transaction, please
see the links below.
- Prosus | Prosus to acquire Latin America's leading online travel agency, Despegar
https://www.prosus.com/despegar-acquisition
- Despegar | Despegar enters into merger agreement to be acquired by Prosus for $19.50
per share in cash
https://investor.despegar.com/news-presentations/news-releases/news-
details/2024/Despegar.com-Enters-Into-Merger-Agreement-to-Be-Acquired-by-Prosus-
for-19.50-Per-Share-in-Cash/default.aspx
Cape Town, South Africa
15 May 2025
JSE sponsor to Naspers
Investec Bank Limited
For more information, please contact:
Despegar
Luca Pfeifer Josefina Schaer
Head of Investor Relations Corporate Affairs & Talent
Tel: (+1) 305 481 1785 Development Director
Email: luca.pfeifer@despegar.com Tel: (+54) 911 231 4628
Email: josefina.schaer@despegar.com
Prosus
Eoin Ryan Charlie Pemberton
Head of Investor Relations Director of Communications
Tel: +1 347 210 4305 Tel: +31 6 15 49 43 59
Email: eoin.ryan@prosus.com Email: charlie.pemberton@prosus.com
Sibusiso Tshabalala
Head of Communications, South Africa
Tel: +27 81 431 4855
Email: sibusiso.tshabalala@naspers.com
About Prosus
Prosus is a global technology company, unlocking an AI-first world for our 2 billion customers. With investments in more than 100 companies across the world,
we are building local ecommerce champions in growth markets.
With leading positions in Food Delivery, Classifieds and Fintech, Prosus has created its own unique technology ecosystem, driving innovation, knowledge
sharing and growth across our portfolio. Through the Prosus Ventures team, the group invests in new technology growth opportunities within AI, social and
ecommerce platforms, fintech, B2B software, logistics, health, blockchain, agriculture and more. The team actively backs exceptional entrepreneurs who are
using technology to improve people's everyday lives.
To find out more, please visit www.prosus.com.
About Depsegar
Despegar is the leading travel technology company in Latin America. For over two decades, it has revolutionized the tourism industry in the region through
technology. With its continuous commitment to the development of the sector, Despegar today is comprised of a consolidated group that includes Despegar,
Decolar, Best Day, Viajes Falabella, Viajanet Stays and Koin, and has become one of the largest travel companies in Latin America.
Despegar operates in 20 countries in the region, accompanying Latin Americans from the moment they dream of traveling until they share their memories.
With the purpose of improving people's lives and transforming the shopping experience, Despegar has developed alternative payment and financing methods,
democratizing the access to consumption and bringing Latin Americans closer to their next travel experience. Despegar's common shares are traded on the
New York Stock Exchange (NYSE: DESP).
About Naspers
Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world.
Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that
empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam, and a secondary listing on the Johannesburg Stock Exchange
and Naspers is the majority owner of Prosus.
In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies. These
include Takealot, Mr D Food, Autotrader, Property24 and PayU, in addition to Media24, South Africa's leading print and digital media business.
Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in South Africa and a level
1 American Depository Receipt (ADR) programme which trades on an over-the-counter basis in the US.
For more information, please visit www.naspers.com..
Naspers Labs
In 2019, Naspers Labs, a youth development programme designed to transform and launch South Africa's unemployed youth into economic activity, was
launched. Naspers Labs focuses on digital skills and training, enabling young people to pursue tech careers.
Disclaimer
The Repurchase Programme is being conducted in accordance with Articles 5(1) and 5(3) of Regulation (EU) No 596/2014 of the European Parliament and of
the Council of 16 April 2014 on market abuse ("Market Abuse Regulation") and Articles 2 to 4 of Commission Delegated Regulation (EU) 2016/1052
supplementing the Market Abuse Regulation with regard to regulatory technical standards for the conditions applicable to buy-back programmes and
stabilisation measures (the "Delegated Regulation"). This document is issued in connection with the disclosure and reporting obligation set out in Article 2(1)
of the Delegated Regulation.
This document contains information that qualifies as inside information within the meaning of Article 7(1) of the Market Abuse Regulation.
This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.
The information contained in this announcement may contain forward-looking statements, estimates and projections. Forward-looking statements involve
all matters that are not historical and may be identified by the words "anticipate", "believe", "estimate", "expect", "intend", "may", "should", "will", "would"
and similar expressions or their negatives, but the absence of these words does not necessarily mean that a statement is not forward-looking. These statements
reflect Prosus's intentions, beliefs or current expectations, involve elements of subjective judgement and analysis and are based upon the best judgement of
Prosus as of the date of this announcement, but could prove to be wrong. These statements are subject to change without notice and are based on a number
of assumptions and entail known and unknown risks and uncertainties. Therefore, you should not rely on these forward-looking statements as a prediction of
actual results.
Any forward-looking statements are made only as of the date of this announcement and neither Prosus nor any other person gives any undertaking, or is
under any obligation, to update these forward-looking statements for events or circumstances that occur subsequent to the date of this announcement or to
update or keep current any of the information contained herein, any changes in assumptions or changes in factors affecting these statements and this
announcement is not a representation by Prosus or any other person that they will do so, except to the extent required by law.
Date: 15-05-2025 03:30:00
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