/// Yahoo Increases Share Buyback Plan to $5 Billion and Announces Debt Deal
Yahoo’s board, which just met, has increased its shares buyback authorization by $5 billion, a move which should keep its already Alibaba-lifted stock in place for the short-term. The Silicon Valley Internet giant also it was doing a $1 billion debt offering of convertible senior notes and said it intends to use the money for things like stock buybacks and possible acquisitions. Yahoo has been aggressively purchasing its own stock under the tenure of CEO Marissa Mayer.
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Yahoo Increases Share Buyback Plan to $5 Billion and Announces Debt Deal