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Giant Streaming begins a buyback program.
The purchase of more than 10 million shares was authorized by the company's AG and the board approved repurchases of up to $ 1 billion.
The buyback program will begin in the fourth quarter of 2018 and will expire on April 21, 2021. It appears from a press release.
Spotify writes in a press release that the date of redemption and the actual number of shares redeemed will depend on various factors, such as price, market position and alternative investment opportunities.
Following this announcement, Spotify's share of the business increased by 2.6%, according to Svd Næringsliv.
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