SoftBank to partner OYO in Brazil and Mexico
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SoftBank Group is directly managing the hospitality startup OYO’s operations in Latin America through a joint venture which will control all hotels in the region, Henrique Weaver, the head of OYO Brazil told in an interview on Friday. SoftBank will invest in OYO Latam through its $5 Bn Latin America fund. OYO Latam will take over 1,000 hotels mainly in Brazil and Mexico, Weaver added.