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Microsoft plans $ 60 billion share buyback program, increases dividend

The board of directors of Microsoft Corp. approved a plan to repurchase up to $ 60 billion of its stock, extending the tech giant’s massive buyback program at a time when Democrats in Congress have proposed to tax companies that make buyouts.

Microsoft has not provided a timeline for the buybacks. He said on Tuesday that the program has no expiration date and can be terminated at any time.