Tuesday, June 19, 2007

UPDATE 1-Expedia to buy back up to $3.5 billion in stock

(Reuters) - The news sent Expedia shares up $3.50 or 13.7 percent in
premarket dealings to $29.




Without elaborating on the reasons for the buyback or the
source of funds to be used, Chairman Barry Diller said the move
reflected the board's confidence in the company's future.


Read more at Reuters.com Bonds News

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