Samsung Unveils Surprise $7 Billion Buyback as AI Fears Persist
Samsung Electronics Co. plans to buy back about 10 trillion won ($7.2 billion) of its own stock over the next year, putting in motion one of the larger shareholder return programs in its history.Korea’s biggest company will repurchase the stock in stages over the coming 12 months, it said in a regulatory filingBloomberg Terminal Friday. As a first step, it will buy back about 3 trillion won of paper starting Monday and up till February 2025, all of which it will cancel. The board will deliberate...
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