- SoftBank still offers a way to gain exposure to Alibaba basically for free, but it is a "Buy one, get one free" type of deal.
- We were quite happy with the deal when the investment we had to make was mostly in telecom operations to get the Alibaba exposure for free.
- Now that most SoftBank assets are invested in startups we are not as comfortable with the investment proposition.
- We believe Alibaba has rarely been cheaper, and we are seriously considering buying the shares directly this time.
For further details see:
Why We Turned Down Free Alibaba Shares And Sold SoftBank