Home Business Don’t Blame Short Sellers for THG’s $2.6 Billion Problem

Don’t Blame Short Sellers for THG’s $2.6 Billion Problem

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To recap, Masayoshi Son’s SoftBank Group Corp. has an option to acquire a 20% stake in Ingenuity next year for $1.6 billion, valuing the business at $4.7 billion excluding cash. Should SoftBank exercise this, Ingenuity, which offers services such as hosting websites, managing influencers, facilitating online payments and delivery, would then become a standalone business.

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