1. Billionaire Dan Loeb Renews Stake in Alibaba After Selling Shares in 2015

    Billionaire Dan Loeb Renews Stake in Alibaba After Selling Shares in 2015

    Billionaire Dan Loeb's Third Point reinitiated a large stake in Alibaba ( BABA ) during the second quarter ended June 30 because the hedge fund feels that Alibaba is undervalued, according to an SEC filing released late Friday. The firm, a frequent activist investor, has added to and subtracted from its Alibaba position over the past six years, either directly or through its positions in Yahoo! and Softbank ( SFTBY ) , the firm said in its second quarter letter...

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