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Oyo Says Softbank’s Yahoo Japan Exits Japan Apartment Venture

Oyo said it has bought back shares in Japanese apartment rental company Oyo Life

Oyo Hotels and Homes said on Thursday SoftBank-controlled Yahoo Japan has quit its Japanese room rental venture, in the latest setback for the fast-growing, money-losing startup

Oyo, which is also backed by SoftBank Group Corp, said it has bought back the shares in Japanese apartment rental company Oyo Life held by internet firm Yahoo Japan, now known as Z Holdings, for an undisclosed amount.

Source: NDTV Profit