Microsoft Plans to Buy Back Up to $60 Billion in Stock

(Bloomberg) — Microsoft Corp., the world’s largest software maker, has launched what could be its largest ever stock-repurchase program of as much as $60 billion, at a time when lawmakers are considering a tax on buybacks.The company’s recent resurgence has given it a market value north of $2.2 trillion, making it the second-most valuable publicly traded company after a 35% rise in its shares over 2021. Its previous buyback plan, unveiled in September 2019, was for $40 billion. Microsoft’s late

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