If in moments of doubt you re thinking of selling23 Dec 2021 23:59
FROM NOVEMBER
SoftBank has an option to buy 20 per cent of the Ingenuity part of your business, which is the tech platform, for $1.6 billion. At the moment, that would buy a significant chunk of the whole organisation. Do you think that's still what they're going to pay?
“It's a two-way conversation as well, isn't it, because, THG, has got, you know, that's just the technology we have. Our beauty business is worth more than the whole market cap of THG, the nutrition would be, so on and so forth. So doing a partnership with someone like a SoftBank, of course that makes total sense, because we're going to build a very, very big tech business. We already have got a big tech business, but on a global scale. So do I – will I go through with it? You know, together now, let's see. It's a great deal for THG. It's a great deal for SoftBank. It's better than they anticipated, by their own words. You know, and maybe we will, maybe we won't, but, you know, it is a two-way street.”