Axel Springer to sell stake in @Leisure to India's OYO for $202...
1 May 2019 6:20 AM GMT
German media company Axel Springer said on Wednesday it would sell its majority stake in European vacation rental group @Leisure to Indian hotel startup OYO for 180 million euros ($202.19 million).
- (Reuters) - German media company Axel Springer said on Wednesday it would sell its majority stake in European vacation rental group @Leisure to Indian hotel startup OYO for 180 million euros ($202.19 million).
- Sources told Reuters last month that home-renting company Airbnb would invest between $100 million and $200 million in OYO.
- @Leisure manages holiday homes, holiday parks and holiday apartments across Europe and has a total inventory of more than 300,000 rooms.
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