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May 1, 2019 11:15 am GMT

Airbnb-backed OYO moves into Europe, buys Leisure Group from Axel Springer for $415M

OYO, the fast-growing budget hotel startup out of India that’s backed by Airbnb, SoftBank, Grab and Didi, has made an acquisition to expand its footprint into Europe, specifically around self-catering home rentals. The company has picked up@Leisure Group from Axel Springer for about $415 million (369.5 million). Axel Springer had a 51 percent share of […]

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