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News on Medial
Mastercard approves share buyback worth $11 billion
Livemint
·
1y ago
Medial
Mastercard's board has approved a new share buyback program, authorizing the repurchase of up to $11 billion worth of Class A shares. This program will commence after the completion of the company's previously announced $9 billion buyback program. Additionally, the payments processing company has increased its quarterly dividend to 66 cents per share. Following this news, Mastercard's share price saw a 1% gain in after-hours trading. The information is sourced from Reuters.
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Related News
Microsoft approves new $60 billion share buyback program, quarterly dividend of $0.83 — a 10% jump | Mint
Livemint
·
10m ago
Medial
Microsoft has announced a new share buyback program of up to $60 billion, approved by its board. The company reported a quarterly dividend of $0.83 per share, marking an 8 cent increase from the previous quarter. Microsoft's annual shareholders meeting will take place on December 10. The tech giant has been increasing spending on AI infrastructure, resulting in a rise in capital spending. Despite a slowdown in growth in its Azure cloud business, Microsoft expects growth to accelerate in the second half of fiscal 2025.
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Freshworks Board Approves Stock Buyback Worth $400 Mn
Inc42
·
9m ago
Medial
Freshworks, a SaaS company, has announced a share buyback initiative and has reduced its net loss by 3.5% in Q3 2024 compared to the same period last year. The company has also implemented a restructuring plan which will result in a 13% reduction in its global workforce, impacting around 660 employees.
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ICICI Bank’s board approves fundraising worth Rs 25,000 crore via NCDs
Money Control
·
1y ago
Medial
The board of ICICI Bank has approved raising funds through non-convertible debentures worth Rs 25,000 crore in the domestic market and through issuances of bonds in overseas markets up to $1.50 billion. The bank reported a net profit of Rs 10,707 crore for the January-March quarter, a 17% increase compared to the same period last year. The net interest income rose by 8% and the bank's gross non-performing asset stood at 2.16%. The board has also authorized the buyback of debt securities within applicable legal limits.
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Uber unveils its 1st-ever share buyback plan worth $7 billion
Inshorts
·
1y ago
Medial
Uber on Wednesday announced its first-ever share buyback program in which it will repurchase up to $7 billion worth of company shares. This comes after the ride-hailing firm posted its first annual net profit since going public in 2019. "Today's authorisation of our...share repurchase program is a vote of confidence in the company's strong financial momentum," CFO Prashanth Mahendra-Rajah said.
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TikTok parent ByteDance valuation rises in latest share buyback, sources say
Economic Times
·
5m ago
Medial
ByteDance, TikTok's parent company, is offering a new share buyback for U.S. employees at $189.90 per share, marking an 11% increase from last year's price. This suggests a valuation of around $315 billion, reflecting a recovery from its previous valuation drop. Despite threats of a U.S. ban due to national security concerns, ByteDance's strong financial position is bolstered by its global business. TikTok, used by 170 million Americans, faces potential divestment demands.
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Alibaba approves an additional $25 billion share buyback as its revenue disappoints
Economic Times
·
1y ago
Medial
Chinese ecommerce giant Alibaba Group Holding has approved an additional $25 billion for its share buyback program, following lower-than-expected sales revenue in Q4 2023. The company's Hong Kong shares fell 6.8% and its New York-listed stock price declined by 5.9%. Alibaba reported a 5% increase in sales to $36.67 billion in the quarter, missing analysts' estimates, with net income down 77% YoY. The firm cited falling revenues and declining values of equity investments. Alibaba faces competition from rivals such as Pinduoduo and ByteDance. The company also scrapped plans to list shares in its logistics unit Cainiao and its Freshippo grocery unit.
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TikTok parent ByteDance’s valuation hits $300 billion, sources say
Livemint
·
8m ago
Medial
TikTok's parent company, ByteDance, is reportedly valuing itself at approximately $300 billion. The company has approached investors with a share buyback program, offering a price of $180.70 per share, representing a 12.9% increase from the previous buyback program. ByteDance is conducting these buybacks to provide liquidity and has no immediate plans for an initial public offering. This is the third buyback program for ByteDance, which has been facing legal challenges in the U.S. over its TikTok assets.
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UK's Deliveroo suspends share buyback after DoorDash buyout offer
Economic Times
·
3m ago
Medial
Deliveroo has paused its £100 million share buyback program following a £2.7 billion takeover proposal from DoorDash. Deliveroo plans to recommend the 180 pence-per-share offer to its shareholders, provided other terms are agreed upon. The deal, which expands DoorDash's market reach without regulatory hurdles, contrasts with potential antitrust issues for other competitors. Deliveroo will announce any resumption of the buyback program to the market.
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Zuckerberg’s Metaverse gamble pays off with $201 billion fortune
Money Control
·
10m ago
Medial
Mark Zuckerberg's net worth has surpassed $200 billion for the first time, driven by the success of Meta Platforms Inc.'s share price. His net worth has increased almost six-fold in less than two years, making him the fourth richest person in the world. The shift from Facebook to Meta, along with investments in the metaverse and augmented reality glasses like Orion, has contributed to Meta's growth and improved stock performance. Meta has also made strategic moves such as cutting its workforce, investing in artificial intelligence, and introducing a share buyback program and quarterly dividend. Zuckerberg's public image has also evolved, with changes in personal interests and a desire to stay out of politics.
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Capital One Is Buying Discover Financial
Livemint
·
1y ago
Medial
Capital One is set to acquire Discover Financial Services in a deal worth over $35 billion, uniting two major credit-card companies in the US. The all-stock deal would provide Discover shareholders with 1.0192 Capital One shares for each Discover share, representing a premium of approximately 27%. The acquisition would give Capital One a larger presence in the payments industry, enabling it to leverage Discover's payments network. While Discover is smaller than Visa and Mastercard, it is one of the few US competitors to these dominant players. The deal is subject to regulatory approval.
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