Microsoft plans $58B stock buyback
Microsoft says it will buy back as much as US$40 billion (NZ$58 billion) worth of its own stock through the next five years. The share re-purchase announcement is a follow-up to similar plans made in 2004 and 2006, when the company bought US$30 billion and US$40 billion of its own stock, respectively. This new buyback will run until Sept. 30, 2013.