Online travel agency Despegar (Despegar.com) has acquired the network of travel agencies held by its Chilean counterpart Falabella, with assets in Chile, Colombia, Peru and Argentina, in a transaction valued at US$27 million and whose objective will be to increase the brick-and-mortar footprint of Despegar throughout the continent.
The agreement involves a ten-year commercial agreement, during which both companies will operate a multi-channel business, with Despegar operating within Falabella’s physical network, while Despegar will continue with the Chilean operator CMR’s loyalty program.
“We are delighted to have entered into this agreement with Falabella, which will allow us to further strengthen our leadership position in the Latin American travel market …”, said Despegar CEO, Damián Scokin, in an interview for tech portal FayerWayer.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI