Microsoft plans $40bn investor windfall
The group, which earlier this month sealed a €5.44bn (£4.6bn) deal to buy Nokia’s struggling mobile phone handset business, will pay a 28 cent dividend, worth a total of about $400 million, in December.
Its share-buy back scheme, which will run for an indefinite period, replaces a $40bn programme that was due to expire at the end of the month.
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Hide AdMicrosoft revealed the plans ahead of tomorrow’s meeting with financial analysts. Chief executive Steve Ballmer is due to retire next year and Nokia boss Stephen Elop, who was previously head of the US group’s business division, has been tipped as a front-runner in the race to replace him.