Yahoo OKs New $2 Billion Share Repurchase Program

By | March 26, 2015

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Yahoo (YHOO) stock rose in after-hours trading Thursday after the Internet company announced that directors has approved an additional share repurchase program of $2 billion that will expire on March 31, 2018. Investors have been pushing Yahoo to use more of its proceeds from the Alibaba (BABA) IPO to buy back more stock. The company had said it would keep buying back stock to return cash to shareholders, AP reported. The new buyback program is in Scalper1 News

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