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Wireless

Baidu to launch USD 1 bln share repurchase programme

Friday 17 May 2019 | 07:34 CET | News
Chinese internet search provider Baidu's board of directors has authorized the launch of a share repurchase programme. Under this initiative, Baidu may repurchase up to USD 1 billion of its shares, effective 1 July 2020. The company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. Baidu plans to fund repurchases from its existing cash balance.

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Categories: Mobile & Wireless
Companies: Baidu
Countries: China
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