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SoftBank

SoftBank ends venture with India's Oyo Hotels in Latin America

Breakup comes less than six months after they struck a partnership in the region

SoftBank Group has poured $75 million into Oyo in Latin America, part of its more than $1 billion investment in the parent company. 

SAO PAULO (Reuters) -- The Latin American unit of Indian hotel startup Oyo Corp has ended its joint venture with the SoftBank Latin America Fund, less than six months after they struck a partnership in the region, both companies said on Thursday.

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