We are advising Prosus on the acquisition

Davis Polk is advising Prosus on its approximately $1.7 billion acquisition of Despegar.com, Corp. The transaction is currently expected to close in the second quarter of 2025, subject to the approval of Despegar’s shareholders, the receipt of required regulatory clearances and other customary closing conditions.

Prosus is a global technology company, unlocking an AI-first world for its two billion customers. With investments in more than 100 companies across the world, Prosus is building local e-commerce champions in growth markets.

Despegar is a leading travel technology company in Latin America. With its continuous commitment to the development of the sector, Despegar today is composed 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.

The Davis Polk corporate team includes partners Louis Goldberg and Lee Hochbaum and associates F. Adam Abulawi, Rahul Srivastava and Yi Bao. Partner Jennifer S. Conway and counsel Andrew H. Braid are providing executive compensation advice. Partner David H. Schnabel is providing tax advice. Partners Jürgen Schindler and Ronan P. Harty are providing antitrust and competition advice. Partner Frank J. Azzopardi is providing intellectual property advice. Members of the Davis Polk team are based in the New York and Brussels offices.

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