News 11

SoftBank Said to Cut Valuation of IPO-Bound Oyo

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SoftBank Group Corp. is slashing the valuation of Oyo Hotels on its books by more than 20% as the Indian startup prepares for its IPO. Min Jeong Lee reports on Bloomberg Television. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/

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