Big Law
Google’s Parent Company Announces a $70 Billion Buyback
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.
Alphabet said it would take into account the stock price as well as market conditions when deciding when to repurchase its shares.
