EBay Inc. announces an Equity Buyback for $6,000 million worth of its shares.
January 01, 2018 at 03:51 am IST
eBay Inc. (NasdaqGS:EBAY) announces a share repurchase program. Under the program, the company will repurchase up to $6,000 million worth of its common stock. The repurchase program will be funded from company's working capital and other financing alternatives. The purpose of the program is to offset the impact of dilution from company's equity compensation programs and to reduce the outstanding share count. The program has no expiration date.