WASHINGTON (Dow Jones)--In addition to shares it repurchased from Softbank Corp. (J.SFT, news, msgs), Yahoo Inc. (YHOO, news, msgs) bought back 425,000 shares of its common stock in the third quarter, according to Yahoo's quarterly report filed Friday with the Securities and Exchange Commission.
The company had previously announced its repurchase of 4,959,423 shares from Softbank, which holds about 20% of Yahoo's shares, for about $55 million.
All of the repurchases were made under a program announced in March to buy up to $500 million of the company's common stock "from time to time over the next two years," the filing said.
The company, which paid about $11.09 for each of the shares it repurchased from Softbank, said it paid $11.14 for all of the shares it repurchased in the quarter, which ended Sept. 30. The total amount spent on the repurchases was about $60 million, the filing said. |
