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Yahoo announces additional 2 billion dollar share repurchase quota, Mayer hopes to further increase shareholder returns

Source: Internet
Author: User
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Sina Science and technology news Beijing time March 27 morning, Yahoo announced in Thursday to add 2 billion U.S. dollar share repurchase amount, the company's CEO Marissa (Marissa Mayer) hope to further increase shareholder returns.

Yahoo said in its regulatory filing that the company's board approved the plan in Thursday. Yahoo's current share buyback program still has a surplus of $726 million trillion, and the new repo project will extend the deadline to March 2018.

Activist investors, including Starboard value, are calling on Ms. Mayer to return more cash to shareholders. The company announced in January this year that it was stripping out about 32 billion dollars of Alibaba shares through a tax avoidance scheme. (PEI)

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