SoftBank's cheap valuation draws $1 billion bet from U.S. fund Tiger Global

U.S. hedge fund Tiger Global has built a stake worth over $1 billion in SoftBank Group Corp as it considers the Japanese firm undervalued, a source with direct knowledge of the matter said, driving SoftBank shares up as much as 6.8 percent.

from Reuters: Technology News https://ift.tt/2KZWOUP