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

Topics SoftBank | Oyo | Latin America


(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.....

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