Google plans multimillion pound investment in e-commerce firm THG Ingenuity, Sky News reports
The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay
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 e-commerce 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)
Source: Reuters
