Microsoft Plans to Buy Back Up to $60 Billion in Stock

Microsoft Plans to Buy Back Up to $60 Billion in Stock

Microsoft Plans to Buy Back Up to $60 Billion in Stock - Oops!Something went wrong.Please try again later. (Bloomberg) -- Microsoft Corp., the world’s largest software maker, announced its largest ever stock-repurchase program of as much as $60 billion, at a time when U.S. lawmakers are considering a tax on buybacks. The company’s recent resurgence has given it a market value north of $2.2 trillion, making it the second-most valuable publicly traded company after a 35% rise in its shares over 2021. Its previous buyback plan, unveiled in September 2019, was for $40 billion. Microsoft’s latest purchase scheme comes after two senior Democratic senators proposed a 2% tax on corporate stock buybacks as part of a bid to help fund a $3.5 trillion U.S. budget bill. The potential tax, announced …
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