The Hut Group strikes complex joint venture deal with SoftBank
Deal values ‘yet to be formed’ technology division of THG at $6.3bn The Hut Group (THG), the online retailer empire run by billionaire Matthew Moulding, has struck a complex joint venture deal with Japanese investment giant SoftBank that values a “yet to be formed” technology division of THG at $6.3bn (£4.5bn). The deal, announced on Monday, values THG Ingenuity, which Moulding described as a “social media influencer platform” used to promote products, at about the same value that the whole company floated at last year. Continue reading…
The Hut Group strikes complex joint venture deal with SoftBank
Deal values ‘yet to be formed’ technology division of THG at $6.3bn The Hut Group (THG), the online retailer empire run by billionaire Matthew Moulding, has struck a complex joint venture deal with Japanese investment giant SoftBank that values a “yet to be formed” technology division of THG at $6.3bn (£4.5bn). The deal, announced on Monday, values THG Ingenuity, which Moulding described as a “social media influencer platform” used to promote products, at about the same value that the whole company floated at last year. Continue reading…