Expedia announces $5B share repurchase authorization

Expedia Group announced that its Board of Directors has approved a $5 billion share repurchase authorization of the company’s common stock, which is effective immediately and is in addition to the company’s currently outstanding share repurchase authorization. “The decision to approve a new $5 billion share repurchase authorization reflects our confidence in the long-term outlook of our company and the cash generating power of our business, as well as our commitment to maximizing returns for our shareholders,” said Peter Kern, Vice Chairman and CEO, Expedia Group.