Microsoft may invest in Oyo, one of the world's largest hotel chains

Microsoft is in talks to invest in Oyo, one of the world'south largest hotel chains, according to a report past TechCrunch. Oyo is valued at $nine billion, according to people familiar with the situation that spoke with TechCrunch. The corporeality of Microsoft's potential investment has not been reported at this fourth dimension.

Oyo was founded in 2022. It is now 1 of the largest hotel chains in India and the sixth-largest hotel concatenation in the world, according to its CEO Ritish Agarwai. The hotel giant is also considering going public, co-ordinate to Agarwai.

Reports bespeak that investment from Microsoft would come before Oyo'due south initial public offer (IPO). TechCrunch reports that a deal could close as early as today (July 30, 2022). Reuters states that the deal could be announced in the coming weeks.

Office of Microsoft'southward deal with Oyo could involve the hotel chain moving to Microsoft'due south cloud services, according to TechCrunch.

Oyo has come under criticism in the past for some of its alleged practices. A report by The New York Times declared that the hotel chain used questionable practices to aggrandize. The chain allegedly listed rooms that weren't available in guild to increase its number of listings.

The New York Times also reported that Oyo would requite police and other officials free accommodation to avoid issues.

Neither Microsoft nor Oyo's CEO has issued statements on any potential investment.

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Source: https://www.windowscentral.com/microsoft-may-invest-oyo-one-worlds-largest-hotel-chains

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