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Sohu announces 15 million stock repurchase program
By AMY CHEUNG
Published: August 03, 2006 12:00 AM
Sohu.com Inc. today announced in a statement the completion of a 15 million US dollars stock repurchase program. Sohu recently announced an additional 15 million US dollars stock repurchase program which is ongoing. In October 2005, the board of directors approved the Sohu’s repurchase of outstanding shares of its common stock from the open market, on an opportunistic basis, of up to 15 million US dollars. As ofAugust 1, 2006, the Company repurchased a total of 690581 shares, utilizing the 15 million US dollars available under this initial program. Dr. Charles Zhang, Chairman and CEO of Sohu.com, stated that Sohu will continue to execute this program and repurchase shares on an ongoing and opportunistic basis.
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