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

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

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(Reuters) -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)

(Reporting by Yamini Kalia in Bengaluru; Editing by Krishna Chandra Eluri)

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