Yahoo! Approves $3 Billion Stock Buyback

The board of directors at Yahoo! Inc. (NASDAQ:YHOO) has announced that they have approved a $3 billion stock repurchase program.  Yahoo! has been authorized to buy $3 billion of its outstanding shares of common stock over the next 3 years.  The repurchase can be done through the open market or through privately negotiated transactions. [BusinessInsider]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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