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.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Companies: Baidu
Countries: China
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Baidu increases share repurchase programme to USD 4.5 billion

Published 09 Dec 2020 08:26 CET | China
Baidu's board of directors has authorized a change to the company's 2020 share repurchase programme, increasing the aggregate ...

Baidu's Q1 revenues jump 15%, expands mobile reach 1.1 bln monthly active devices

Published 17 May 2019 07:54 CET | China
Baidu ended March with cash, cash equivalents, restricted cash and short-term investments of CNY 143.6 billion (approximately USD ...

China Mobile demos SA-based 5G Vertical LAN with Huawei, Baidu

Published 12 Apr 2019 09:21 CET | China
China Mobile has partnered with Huawei and Baidu to showcase the SA-based 5G Vertical LAN technology. The service provides an 8K ...

Baidu, Facebook, Microsoft work together to define 'OCP Accelerator Module' specification

Published 18 Mar 2019 11:50 CET | World
China's Baidu entered into a new collaboration with US-based technology giants Facebook and Microsoft at the Open Compute ...

Baidu's Q4 revenues jump 22%, profit drops 50%

Published 22 Feb 2019 13:08 CET | China
Baidu posted total fourth-quarter revenues of CNY 27.2 billion (approximately USD 3.96 billion), which represents an increase of ...

Baidu to launch USD 1 billion share repurchase program

Published 27 Jun 2018 14:45 CET | China
Baidu's board of directors has authorized a share repurchase program under which the company may repurchase up to USD 1 billion ...