Amazon to buy back $5 bln of shares | Reuters - Firstpost
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Amazon to buy back $5 bln of shares | Reuters

Updated: Feb 11, 2016 05:00 IST

#Argentina   #article   #Entertainment   #Latin America   #opinion   #science   #United States Inc (AMZN.O), the world's largest e-commerce company, said on Wednesday its board authorized a $5 billion share buyback programme.

The buyback replaces the $2 billion repurchase programme approved in 2010. The company had $763 million remaining under the previous plan.

The company's shares rose 1.5 percent to $498 in after-hours trading.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Anil D'Silva)

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