• $
  • £

Microsoft launches $40bn share buyback

Microsoft launches $40bn share buyback
21.09.2016 19:01
US software giant Microsoft plans to buy back $40bn worth of its shares.

The firm did not say how long the repurchase scheme would last. Its previous buyback, also worth $40bn, was announced in September 2013 and is due to be completed by the end of the year.

Share buybacks tend to support a company's share price and are popular with investors.

Microsoft also announced that it was raising its quarterly dividend by 8%, to 39 cents a share.

Microsoft shares rose 1% in after-hours trading.

Big deal

Earlier this year Microsoft announced its biggest ever acquisition - the purchase of the professional networking website LinkedIn - for just over $26bn (£18bn) in cash.

That was considered a high price for LinkedIn, which reported an annual loss of $166m.

Microsoft chief executive Satya Nadella said it was part of Microsoft's transformation into a cloud computing business, providing a range of professional services to clients - including a social network to connect them to each other.

(BBC)

www.ann.az
Similar news
Similar news
Georgia-Azerbaijan bilateral trade rises over 13%
Business 17:30
Georgia-Azerbaijan bilateral trade rises over 13%
Lawmaker proposes annual discounted flight quota on AZAL
Business 16:30
Lawmaker proposes annual discounted flight quota on AZAL
Цены на золото и серебро снизились на бирже COMEX
Business 15:00
Цены на золото и серебро снизились на бирже COMEX
Bir Showcases Azerbaijan’s Cash-to-Digital Transformation at Money20/20 Middle East in Riyadh
Business 14:11
Bir Showcases Azerbaijan’s Cash-to-Digital Transformation at Money20/20 Middle East in Riyadh
PASHA Bank executive highlights culture and communication in leadership
Business 14:00
PASHA Bank executive highlights culture and communication in leadership
Gold and silver futures ease on COMEX exchange
Business 12:30
Gold and silver futures ease on COMEX exchange
Asia-Pacific stocks rise on tech rally, lower oil prices
Business 10:30
Asia-Pacific stocks rise on tech rally, lower oil prices
Oil prices fall over 2%
Business 10:03
Oil prices fall over 2%
Bitcoin tops $81,000 as broad crypto rebound accelerates
Business 09:30
Bitcoin tops $81,000 as broad crypto rebound accelerates
Anews TV

Our official Youtube channel

Subscribe