AOL Authorizes $250 Million Stock Buyback Program After Share Price Falls Off A Cliff

AOL (which, in case you didn't know, has been the owner of TechCrunch for almost a year now) has announced that its board of directors has given the green light for a stock repurchase program that will allow the company to buy back up to $250 million of its outstanding shares of common stock from time to time over the next 12 months. The move comes after AOL's stock took a gigantic nosedive following the reporting of its second-quarter results.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/umJS83CbGLU/

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