Home-renting company Airbnb will invest between US$100 and US$200 million in SoftBank Group-backed Indian hotel start-up OYO, reported The Financial Times.
Airbnb announced on Monday, April 1, it has invested in OYO’s latest funding round and it will look at ways to make the Indian start-up’s accommodation available on its platform. It did not disclose details of the deal.
FT added that Oyo and Airbnb were exploring deeper collaboration, including making Oyo properties available through the Airbnb platform, but that this would not entail dropping partnerships with other booking platforms, such as Expedia. For San Francisco-based Airbnb, the investment is part of a push to broaden its business as it eyes an initial public offering later this year or in 2020.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world
Featured News
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
FCC Votes to Restore Net Neutrality Rules
Apr 25, 2024 by
nhoch@pymnts.com
Apple Rejects Spotify’s Updated App Over In-App Pricing Disclosure
Apr 25, 2024 by
CPI
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI