Baidu (BIDU) Announces $5B Share Buyback
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Baidu Announces US$5 Billion Share Repurchase Program
February 22, 2023 4:00 AM ESTBEIJING, Feb. 22, 2023 /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888) ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced that its board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$5 billion of its shares, effective through December 31, 2025.
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... More
