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SoftBank Group Corp. is offloading its stake in struggling British online shopping firm THG to co-founder Matthew Moulding and Qatar Investment Authority, after its shareprice has collapsed over the past year.
The share sale marks the end of the disastrous investment by SoftBank that began in May 2021, after becoming a cornerstone investor in THG as part of a $1 billion fund raise.
While it is unclear exactly how much SoftBank lost on the deal,…
