British e-commerce firm THG ends agreement with SoftBank

(Reuters) - British e-commerce group THG said on Tuesday it had terminated a collaboration agreement with a unit of SoftBank Group Corp due to challenging global market conditions.

THG said the call option agreed in May last year for SoftBank's SB Management to inject a further $1.6 billion into THG's technology arm THG Ingenuity would also not go ahead.

(Reporting by Yadarisa Shabong in Bengaluru)