(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)
