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Netflix said on Thursday its board has authorized an additional US$25 billion share repurchase program.
Netflix's board has authorized an additional US$25 billion share repurchase program with no expiration date.
KEY POINTS
- Netflix received a US$2.8 billion termination fee from Paramount Skydance related to the Warner Bros deal.
- Recent initiatives include acquiring Ben Affleck’s AI film-tech firm and launching a gaming app for kids.
- Co-founder and Chairman Reed Hastings will exit Netflix in June 2024.
COMPANIES
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