Yahoo increases share buyback authorization by $5 billion

Home Forums Yahoo increases share buyback authorization by $5 billion

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 6 years ago.

  • Author
  • #2600


    Technology News

    Marissa Mayer, President and CEO of Yahoo!, speaks on stage during a fireside chat session at TechCrunch Disrupt SF 2013 in San Francisco, CaliforniaBy Alexei Oreskovic SAN FRANCISCO (Reuters) – Yahoo Inc said it has increased its share repurchase authorization by $5 billion and that it planned to offer $1 billion in convertible notes. Shares of Yahoo increased 1.6 percent to $35.17 in after hours trading on Tuesday following the announcement. Yahoo has aggressively repurchased its common stock in recent quarters using cash obtained from selling a portion of its stake in Chinese e-commerce giant Alibaba Group. In the first nine months of 2013, Yahoo spent $3.1 billion on share buybacks.

You must be logged in to reply to this topic.