Microsoft in talks to invest in hotel chain Oyo ahead of IPO: Report

Microsoft is in advanced talks with hotel chain Oyo for a strategic investment. The investment is likely to value Oyo at $9 billion. Here is all you need to know.

Microsoft Corp. is in advanced talks to invest in Softbank-backed Oyo Hotels and Homes for an undisclosed amount, valuing the hospitality company at around $9 billion. The development comes after Oyo founder and CEO Ritesh Agarwal said earlier this month that the company would consider a potential initial public offering (IPO). He, however, did not provide a timeline for the public offering.