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Amazon to buy back US$5b of shares

Published Wed, Feb 10, 2016 · 10:36 PM

[BENGALURU] Amazon.com Inc, the world's largest e-commerce company, said on Wednesday its board authorised a US$5 billion share buyback programme.

The buyback replaces the US$2 billion repurchase programme approved in 2010. The company had US$763 million remaining under the previous plan.

The company's shares rose 1.5 per cent to US$498 in after-hours trading.

REUTERS

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