Google Plans First Ever Share Buyback

During an interview with Bloomberg, Google’s CEO said the company is not only planning on a $750 million stock repurchase, the company is also going to be hiring again soon.

Google, owner of the world’s most popular search engine, is using stock to buy AdMob. After the deal is completed, the company plans to use cash to buy back $750 million of Google shares, Schmidt said. That would prevent the transaction from diluting investors’ holdings. That would be the first time Google has done a stock repurchase.

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