Tiger Global takes $1 billion stake in SoftBank: Reports
US hedge fund Tiger Global has taken a stake worth $1 billion in SoftBank Group and told its investors that SoftBankâs shares are âmeaningfully undervalued", according to reports. "SoftBankâs stock has not appreciated in nearly 5 years, even though the value of its Alibaba stake has increased by over $90 billion," Tiger reportedly said in a letter to investors.