• Tiger Global reportedly pours more than $1B into SoftBank, saying its shares are “undervalued”

    2 monthes ago - By Tech Crunch

    Tiger Global has poured more than $1 billion into SoftBank Group, according to the Financial Times. The newspaper reports that the firm told investors SoftBank's shares are “meaningfully undervalued.”
    In response to a request for comment, SoftBank sent the same statement to TechCrunch as other media outlets: “We continue to believe the market significantly undervalues our stock and we welcome the support from a sophisticated institutional investor like Tiger Global.”
    Tiger Global and SoftBank share several investments in common, including Alibaba, Flipkart and Uber. According to a...
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