Airbnb-backed OYO moves into Europe, acquires @Leisure from Axel Springer for $415M
OYO, the fast-growing budget hotel startup out of India that’s backed by Airbnb, SoftBank, Grab and Didi, has made an acquisition to expand its footprint into Europe, specifically around self-catering home rentals. The company has picked up @Leisure Group from Axel Springer for about $415 million (€369.5 million). @Leisure sees traffic and business from some 2.8 million …