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SoftBank Group Corp (9984.T)

9984.T on Tokyo Stock Exchange

9,650JPY
18 Jul 2018
Change (% chg)

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¥9,650
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5,364,261
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¥10,550
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¥7,540

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Thu, Jul 12 2018

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

TOKYO/SINGAPORE 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.

UPDATE 2-SoftBank's cheap valuation draws $1 bln bet from US fund Tiger Global

* SoftBank rises as much as 6.8 pct, nudges up mkt cap by $6 bln

Nikkei ends up as weak yen offers trade fear respite; SoftBank jumps

* Lawson falls to 5-1/2-year low after Q1 earnings disappoint

Breakingviews - SoftBank gets some help tinkering with valuation

HONG KONG (Reuters Breakingviews) - Tiger Global is helping SoftBank narrow its conglomerate discount. Chase Coleman’s hedge fund has built a more than $1 billion stake in the Japanese group, Reuters reported. That should help shrink the gap between what Masayoshi Son thinks his company is worth and its current market value. But valuing SoftBank’s Vision Fund, with stakes in a hodgepodge of startups, is still too complicated.

Nikkei rises as weak yen offers trade fear respite; SoftBank soars

* Lawson falls to 5-1/2-year low after Q1 earnings disappoint

Deals of the day-Mergers and acquisitions

July 11 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

Hedge fund Tiger Global takes $1 bln stake in Softbank - source

LONDON, July 11 U.S. hedge fund Tiger Global has built a stake worth more than $1 billion in Japan's Softbank Group which it considers to be under-valued, a source with direct knowledge of the matter said on Wednesday.

Tiger Global buys over $1 bln stake in Japan's SoftBank - FT

July 11 U.S. hedge fund Tiger Global has acquired a stake of more than $1 billion in Japan's SoftBank Group, a stock it considers "meaningfully undervalued", the Financial Times reported on Wednesday, citing a letter Tiger circulated to investors.

SoftBank's Son says to carry on with deals despite trade jitters

SUN VALLEY, IDAHO SoftBank Group Corp CEO Masayoshi Son said on Tuesday he was optimistic that U.S. President Donald Trump's escalation of trade disputes and heightened scrutiny of foreign investments would not affect the Japanese firm's prolific dealmaking.

SoftBank's Son says to carry on with deals despite trade jitters

SUN VALLEY, IDAHO, July 10 SoftBank Group Corp CEO Masayoshi Son said on Tuesday he was optimistic that U.S. President Donald Trump's escalation of trade disputes and heightened scrutiny of foreign investments would not affect the Japanese firm's prolific dealmaking.

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