Nov. 20 2013
Yahoo! has upped its share repurchase program by $5bn as part of its aggressive buyback of stock following the sale of some of its stake in Alibaba Group.
The Purple Palace has already spent $3.1bn buying back common stock so far this year, boosting its share price by around 74 per cent, using the proceeds from selling half of its 40 per cent stake in the Chinese web shopping giant Alibaba.
From The Register
