Ku6 Media (KUTV) Approves $3.2M Buyback
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Ku6 Media Co., Ltd. (Nasdaq: KUTV), authorized a repurchase of up to an aggregate of $3.2 million of its outstanding American Depositary Shares from time to time following the date hereof, based on market conditions. The repurchases may be effected through open market purchase or block trades, including the use of derivative instruments. The repurchase will be financed totally out of the Company's cash balance.
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