Wix.com Ltd (WIX) has released an update.
Wix.com Ltd. has announced an expedited share repurchase process following a change in Israeli regulations, which now allows the company to bypass previously mandatory court approval. The amendment is expected to streamline the process for Wix’s planned $225 million share buyback, as authorized by its Board of Directors. The company, known for its leading SaaS platform for digital presence, is pursuing the additional legal approvals for the repurchase under the new Israeli Relief Regulations.
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