06:11 AM EDT, 10/23/2025 (MT Newswires) -- Alphabet's (GOOG) Google ( GOOG ) has agreed to invest in an instrument that could convert into an equity stake in THG Ingenuity at a valuation of $1 billion or more, Sky News reported Thursday, citing sources.

Shareholders of the e-commerce fulfillment and logistics company were informed this week about Google's ( GOOG ) investment through a structured equity deal, according to Sky News.

The investment is part of a broader collaboration between Google Cloud and THG Ingenuity unveiled by the companies on Wednesday, Sky News said.

Google ( GOOG ) and THG Ingenuity did not immediately respond to MTNewswires' requests for comment.

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