By Katherine Hamilton
EBay said Monday it authorized an additional $3 billion in stock buybacks under its previously disclosed stock-repurchase program.
The offering was approved on Thursday, the online commerce company said.
In February, eBay authorized a $2 billion stock repurchase program, which increased the stock repurchase authorization to $3.4 billion at that time.
The timing and number of shares repurchased depends on corporate and regulatory requirements, price and other market conditions, eBay said.
As of Oct. 30, eBay had approximately 494 million diluted shares outstanding.
Shares of eBay are up 45% to $63.64 this year, as of market close on Monday.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
December 16, 2024 17:32 ET (22:32 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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