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SoftBank partners with Oyo in Latin America in move for more oversight

It shows SoftBank's keenness to ensure Oyo remains on track, and is the latest sign SoftBank is more closely overseeing Oyo's operations including in offshore markets

Topics
SoftBank | Oyo | Latin America

Reuters 

(Corrects typographical error in company name, SoftBank, throughout text, headline) By Carolina Mandl, Aditi Shah and Anirban Sen SAO PAULO/NEW DELHI/BENGALURU (Reuters) - SoftBank Group is taking a direct role in managing its virus-hit hospitality startup Oyo's operations in Latin America through a joint venture which will control all hotels in the region, the head of Oyo Brazil told Reuters in an interview on Friday. SoftBank <9984.T>, the biggest investor in Oyo, will use part of its $5 billion Latin America fund to invest in the newly formed company called Oyo ...

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First Published: Sun, September 06 2020. 11:51 IST
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