InterDigital, Inc. (NasdaqGS:IDCC) announces a share repurchase program. Under the program, the company will repurchase up to $200 million worth of its common stock. The shares will be repurchased at a price per share not less than $60 and not greater than $69.

The company will fund the tender offer with cash on hand. The plan will be valid till February 17, 2023. As of January 19, 2023, the company had 29,668,009 shares of common stock outstanding.