SAN FRANCISCO: Ebay Inc said on Tuesday that access to foreign earnings will allow the e-commerce giant to take advantage of growing opportunities in the U.S. market while also completing $5 billion in share buybacks.
The company, which also reported better-than-expected earnings, will take a $3 billion non-tax charge to repatriate foreign earnings. This will result in an additional $6 billion to eBay's U.S. cash pile. - Reuters
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
