THG

SoftBank writes off £450mn after dumping THG stake

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SoftBank is dumping its entire stake in troubled UK ecommerce company THG, crystallising a £450mn loss for the Japanese technology investment group. The disposal comes as SoftBank is liquidating its internal hedge fund after a series of bad bets, including an 8 per cent stake it bought in THG in May 2021 for about £481mn. … Read more

THG and SoftBank call off plan for $1.6bn investment in UK group

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THG and SoftBank have terminated a longstanding agreement for the Japanese company to buy a $1.6bn stake in the British ecommerce group’s technology division, cutting off what was intended to be a valuable source of funding for the growing business. Confirming what many analysts and investors had long feared, THG said that “in light of … Read more