:
SoftBank executives to prop up OYO’s ailing Japanese business
Reading Time: 2 minutesJapan: SoftBank Group Corp. has appointed two executives to prop up OYO in Japan, one of the prized startups in its portfolio, where the hospitality chain has had to merge its hotel booking and apartment rental units as part of its cost-cutting measures. SoftBank executive vice president, Eric Gan, and its Vision Fund investor, […]
SoftBank and OYO acquire 80 per cent stake in MDI
Reading Time: 2 minutesJapan: SoftBank Group and Indian short-term rental and hotel startup OYO have acquired an 80 per cent stake together in Japanese rental apartment operator MDI. According to one source reportedly close to the deal, the acquisition cost over $100 million though OYO has declined to comment on the price and the stake in the joint […]