Baidu Upsizes Share Repurchase Program to US$4.5 Billion
BEIJING, Dec. 8, 2020 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU) ("Baidu" or the "Company"), a leading search engine, knowledge and information-centered Internet platform and AI company, today announced that its board of directors has authorized a change to the Company's 2020 Share Repurchase Program, increasing the aggregate value of shares that may be repurchased fromUS$3 billiontoUS$4.5 billion.
- BEIJING, Dec. 8, 2020 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU) ("Baidu" or the "Company"), a leading search engine, knowledge and information-centered Internet platform and AI company, today announced that its board of directors has authorized a change to the Company's 2020 Share Repurchase Program, increasing the aggregate value of shares that may be repurchased fromUS$3 billiontoUS$4.5 billion.
- The 2020 Share Repurchase Program is effective throughDecember 31, 2022.
- The Company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size.
- Baidu, Inc.is a leading search engine, knowledge and information centered Internet platform and AI company.