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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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Microsoft looks to tap into India's Oyo before its potential IPO- source

07/29/2021 | 11:26pm EDT
FILE PHOTO: The logo of OYO, India's largest and fastest-growing hotel chain, is seen installed on a hotel building in New Delhi

(Reuters) -Microsoft Corp is in advanced talks to invest in Indian hotel chain Oyo at a $9 billion valuation, a source familiar with the matter said on Thursday.

The deal could be announced in the coming weeks and would be a prelude to an initial public offering (IPO) by Oyo, the source said.

Founder and Chief Executive Officer Ritesh Agarwal said earlier this month that Oyo w
ould consider a potential public offering, but did not provide a timeline. https://reut.rs/3rJvVra

The deal may involve Oyo shifting to use Microsoft's cloud services, TechCrunch reported earlier on Thursday, citing people familiar with the matter. (https://tcrn.ch/2V3oWx1)

Oyo is one of India's largest startups. Founded by Agarwal in 2013, it aggregates bookings for budget hotels around the world.

The hotel aggregator, in which SoftBank Group Corp owns 46% stake and is one of its biggest bets, has endured months of layo
ffs, cost cuts and losses since the COVID-19 pandemic outbreak last year. https://reut.rs/3j3J7mI

(Reporting by Greg Roumeliotis in New York and Rithika Krishna in Bengaluru; Editing by Shinjini Ganguli)


© Reuters 2021
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2022 6 040 B 54 906 M 54 906 M
Net income 2022 1 310 B 11 906 M 11 906 M
Net Debt 2022 14 983 B 136 B 136 B
P/E ratio 2022 9,15x
Yield 2022 0,66%
Capitalization 11 411 B 104 B 104 B
EV / Sales 2022 4,37x
EV / Sales 2023 4,14x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
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SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
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Mean consensus BUY
Number of Analysts 15
Last Close Price 6 661,00 JPY
Average target price 10 507,87 JPY
Spread / Average Target 57,8%
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Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
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