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

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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


Read full article » https://techcrunch.com/2018/07/11/tiger-global-reportedly-pours-more-than-1b-into-softbank-saying-its-shares-are-undervalued/

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