Microsoft plans to buy back up to US$60 billion in stockMicrosoft Corp, the world’s largest software maker, has launched what could be its largest everstock-repurchase program of as much as US$60 billion, at a time when lawmakers are considering a tax on buybacks.
The company’s recent resurgence has given it a market value north of US$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 US$40 billion.