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Oyo Rooms And Softbank Jointly Acquire 80% Stake In Japanese Apartment Rental Company MDI For Rs. 700 Crore
Even as Softbank’s biggest real estate bet unraveled spectacularly this month — WeWork had to shelve its IPO after it was unable to attract a fraction of the $47 billion valuation it had sought — it still seems keen on propping up its other investments in the space. Softbank and Oyo Rooms have jointly acquired an 80 percent stake in Japanese rental apartment operator MDI. Nikkei Asian Review reported that the acquisition cost $100 million (Rs....