• $
  • £

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
SOFAZ, partners raise $520 mln for China-ASEAN platform
Business 17:31
SOFAZ, partners raise $520 mln for China-ASEAN platform
Kapital Bank announces financial results for the first quarter of 2026
Business 15:48
Kapital Bank announces financial results for the first quarter of 2026

Gas transportation via Baku–Tbilisi–Erzurum pipeline up 3%
Business 15:00
Gas transportation via Baku–Tbilisi–Erzurum pipeline up 3%
Yelo Bank is now in Zagatala!
Business 14:41
Yelo Bank is now in Zagatala!
More than 20 commercial ships transit Hormuz Strait in 24 hours — WSJ
Business 12:30
More than 20 commercial ships transit Hormuz Strait in 24 hours — WSJ
More than 100 tankers head to U.S. ports for crude loading
Business 09:30
More than 100 tankers head to U.S. ports for crude loading
Discover the world with Birbank’s “Səyahət marafonu” campaign
Business 17:28
Discover the world with Birbank’s “Səyahət marafonu” campaign
Yelo Bank increased its interest income by 25% in the first quarter
Business 17:01
Yelo Bank increased its interest income by 25% in the first quarter
Kapital Bank expands financing of energy efficiency projects
Business 15:30
Kapital Bank expands financing of energy efficiency projects
Anews TV

Our official Youtube channel

Subscribe