Google plans multimillion pound investment in e-commerce firm THG Ingenuity, Sky News reports

Reuters
2025.10.23 09:19
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Oct 23 (Reuters) - Alphabet’s (GOOGL.O) Google has agreed to invest in an instrument that could convert into an equity stake in THG Ingenuity, the demerged arm of British e-commerce firm THG (THG.L) , 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)

Oct 23 (Reuters) - Alphabet’s (GOOGL.O) Google has agreed to invest in an instrument that could convert into an equity stake in THG Ingenuity, the demerged arm of British e-commerce firm THG (THG.L) , 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)

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