The buyback replaces the $2 billion repurchase program approved in 2010.
Amazon had $763 million remaining under the previous plan.
Amazon.com Inc, the world's largest e-commerce company, said on Wednesday its board authorized a $5 billion share buyback program.
The buyback replaces the $2 billion repurchase program approved in 2010. The company had $763 million remaining under the previous plan. The company's shares rose 1.5 percent to $498 in after-hours trading.
( Source : reuters )
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