Variety
·entertainment
·2 hours ago
Netflix Authorizes $25 Billion Stock Buyback in Bid to Boost Share Price
Netflix authorized a $25 billion stock buyback on April 22 to boost its share price following its decision to back away from acquiring Warner Bros. The company had approximately $6.8 billion available for repurchase as of March 31 and aims to return cash to shareholders while maintaining liquidity and reinvesting in the business.
Summary by Glance · Variety
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