Uber Technologies has announced its plan to repurchase up to $7 billion worth of company shares.
buyback program
Breaking News
Proceeds to be received from the planned initial public offering of New Zealand aviation company Airwork would go towards a stock buyback program, repay debts to affiliates and inject working capital into the firm.
Analysts said supporting an expanded buyback program proposed by Carl Icahn would be short sighted.
Viacom doubled up its stock buyback program to US$20 billion which resulted in a surge in the company's shares.
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