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Prosus to buy Latin America-focused online travel agency Despegar.com for $1.7b

Prosus to buy Latin America-focused online travel agency Despegar.com for $1.7b

FILE PHOTO: Prosus' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Dutch technology investor Prosus NV said on Monday it would buy Latin America-focused online travel agency Despegar.com Corp for about $1.7 billion in cash, as it looks to expand its services across Latin America.