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 values THG Ingenuity, which Moulding described as a “social media influencer platform” used to promote products, at about the same amount that the whole company floated at last year.
Read the full article on The Guardian website
NAM Implications:
- THG founder Moulding: “If you’re sat there and you have a brand you want to sell to the world [you should speak to THG Ingenuity]”
- This says it all, all that matters.
- And SoftBank are sufficiently confident to put $1.6bn where their mouth is…
- Need any more pointers?
