(Reuters) - The news sent the shares up $4, or 15.7 percent, to $29.50 in morning trading on Nasdaq.
Expedia said it would repurchase 116.7 million shares at $27.50 to $30 each. Without elaborating on the reasons for the buyback or the source of funds to be used, Chairman Barry Diller said the move reflected the board's confidence in the company's future.
Read more at Reuters.com Business News
Expedia said it would repurchase 116.7 million shares at $27.50 to $30 each. Without elaborating on the reasons for the buyback or the source of funds to be used, Chairman Barry Diller said the move reflected the board's confidence in the company's future.
Read more at Reuters.com Business News
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