Yahoo! Approves $3 Billion Stock Buyback

Posted Jul 1, 2010

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]