Uber Announces $1.5 Billion Accelerated Share Repurchase Program
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Uber Technologies, Inc. has announced a $1.5 billion accelerated share repurchase agreement with Bank of America, as part of its $7 billion share repurchase authorization. This move is aimed at returning capital to shareholders and scaling free cash flows.
January 06, 2025 | 12:15 pm
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Uber has initiated a $1.5 billion accelerated share repurchase program with Bank of America, part of a larger $7 billion authorization. This move is expected to positively impact Uber's stock price by reducing the number of shares outstanding, thus increasing earnings per share.
The accelerated share repurchase program will reduce the number of shares outstanding, which typically leads to an increase in earnings per share and can positively impact the stock price. This is part of a larger $7 billion repurchase plan, indicating a strong commitment to returning capital to shareholders.
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