Despegar to Acquire 100% of Best Day, a Leading Travel Agency in Mexico
Despegar.com, Corp. Ordinary Shares (DESP)
Last despegar.com, corp. ordinary shares earnings: 3/5 06:00 am
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Source: Business Wire
? Largest transaction in the LatAm travel intermediary industry in terms of revenues. (1) ? Transaction to allow Despegar to increase revenues by 25%, further strengthening its market position as the leading travel agency both in Mexico and Latin America.? By increasing the offering of Hotels & Activities in Mexico, Despegar’s customers will have access to the widest travel content in the region.? Schedules call at 5 p.m. ET today to discuss the transaction. WILMINGTON, Del.--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP) (“Despegar”), the leading online travel company in Latin America, today announced it has agreed to acquire Best Day Travel Group (“Best Day”) one of the leading travel agencies in Mexico, for a total consideration of approximately US$136 million, subject to the occurrence of certain closing and business conditions.A portion of the purchase price is payable on a deferred basis and includes a variable component of up to circa +/- 10% of the total consideration, b
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News
- Despegar.com (DESP) Is Up 3.38% in One Week: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Has Despegar.com (DESP) Outpaced Other Transportation Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- The Ministry of Tourism of the Dominican Republic Held Tourism Tradeshow in Miami for Partners Across the Americas [Yahoo! Finance]Yahoo! Finance
- Despegar Celebrates 25 Years Transforming Latin America’s Travel Industry Through InnovationBusiness Wire
- Despegar.com, Corp. (NYSE: DESP) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $14.00 price target on the stock.MarketBeat
DESP
Earnings
- 3/14/24 - Miss
DESP
Sec Filings
- 4/26/24 - Form 20-F
- 4/3/24 - Form SC
- 3/14/24 - Form 6-K
- DESP's page on the SEC website