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Alphabet announces $70 billion buyback

April 27, 2022 : Permanent Link

(CNBC) Alphabet said on Tuesday that its board of directors authorized $70 billion in share repurchases, a major step up from last year’s authorization of $50 billion and authorization of $25 billion in 2019. The announcement on Tuesday is a significant acceleration in the Google parent company’s strategy to return capital to shareholders through share buybacks.

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