Baidu.com (BIDU) Announces $1 Billion Share Repurchase Program

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Go back to Baidu.com (BIDU) Announces $1 Billion Share Repurchase Program

Baidu Announces US$1 Billion Share Repurchase Program

May 16, 2019 4:30 PM EDT

BEIJING, May 16, 2019 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU) ("Baidu" or the "Company"),  the leading Chinese language Internet search provider, today announced that its board of directors authorized a new share repurchase program under which the Company may repurchase up to US$1 billion of its shares, effective until July 1, 2020.

The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and... More