Google plans multimillion pound investment in ecommerce firm THG Ingenuity: Sky News
Google plans to invest in THG Ingenuity, the soon-to-be separated technology arm of UK ecommerce group THG, in a deal that could later convert into an equity stake. The investment values THG Ingenuity at around £750 million ($1 billion), according...
By Reuters |
Reuters
Alphabet's Google has agreed to invest in an instrument that could convert into an equity stake in THG Ingenuity, the demerged arm of British ecommerce firm THG, at a valuation of 750 million pounds ($1.01 billion) or more, Sky News reported on Thursday citing sources.
Reuters could not immediately verify the report.
($1 = 0.7451 pounds)
Reuters could not immediately verify the report.
($1 = 0.7451 pounds)
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