Oyo Rooms

Microsoft Corp (NASDAQ: MSFT) has invested $5 million in SoftBank Group Corp (OTC: SFTBY)-backed Indian hotel aggregator chain Oyo Rooms, TechCrunch reported on Thursday, confirming earlier speculations. What Happened: The fresh funding values Oyo, which allows users to book rooms via their phones...

Microsoft Corp (NASDAQ: MSFT) is in late-stage talks to pick a stake in SoftBank Group Corp (OTC: SFTBY)-backed Indian hotel aggregator chain Oyo Rooms that values the startup at $9 billion, TechCrunch reported on Thursday, citing a person familiar with the matter. What Happened: The...