THG said the call option agreed in May last year for SoftBank's SB Management to inject a further $1.6 billion into THG's technology arm THG Ingenuity would also not go ahead.
(Reporting by Yadarisa Shabong in Bengaluru)
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(Reuters) - British e-commerce group THG said on Tuesday it had terminated a collaboration agreement with a unit of SoftBank Group Corp due to challenging global market conditions.
THG said the call option agreed in May last year for SoftBank's SB Management to inject a further $1.6 billion into THG's technology arm THG Ingenuity would also not go ahead.
(Reporting by Yadarisa Shabong in Bengaluru)
1st Jan change | Capi. | |
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+23.84% | 74.27B | |
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+19.80% | 23.21B | |
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+10.98% | 16.35B | |
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+1.80% | 7.92B |