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    Home»Investments»Hut Group seals $2bn boost from Softbank
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    Hut Group seals $2bn boost from Softbank

    May 12, 20211 Min Read
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    Japanese technology investor takes 9% share

    The Hut Group last night struck a deal with Softbank that will lead to the Japanese conglomerate investing $2.3 billion in one of Britain’s fastest-growing technology companies.

    Softbank, run by Masayoshi Son, the richest man in Japan, is immediately buying $730 million in new shares in THG as part of a $1 billion cash call.

    Among the other institutions taking part in that placing is the Belgian investor Sofina, a long-term backer of THG, which is buying a further $85 million worth of shares.

    Read more/Source: The Times

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