OYO to buy Amsterdam-based vacation rental company @Leisure for Rs 2,880 cr

The deal with @Leisure Group will give Oyo access to a total inventory of 300,000 rooms across Europe

OYO is set to acquire Amsterdam-based vacation rental company @Leisure Group from Axel Springer for about 370 million euros, or Rs 2,885 crore, in one of the biggest acquisitions of a foreign firm by an Indian unicorn. The transaction is expected to close by next month.
 

SoftBank-backed OYO, which is trying to establish bases in Europe, the UK and the US, has been in talks with @Leisure over the past six months. This acquisition would help OYO move a step closer to realising its vision of becoming a global real estate brand while maintaining leadership in the hospitality industry, the