Oyo Makes European Push With $415 Million Vacation Rental Acquisition
Skift Take
Having raised so much money, it's not surprising to see Oyo splashing the cash. We should expect further acquisitions as it pushes for global scale.
Fast-growing Oyo Hotels & Homes is furthering its global expansion plans with the acquisition of Amsterdam-based vacation rental company @Leisure Group for $415 million (€369.5 million).
Media giant Axel Springer sold its 51 percent stake for $202 million (€180 million) with other shareholders also exiting. The deal is expected to close in June.
In 2018, @Leisure Group reported $150 million (€133.2 million) in revenue with a profit (EBITDA) of
