Wix (WIX) has released an update.
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Wix.com Ltd. has announced a new $200 million share repurchase program, underscoring the company’s confidence in its financial health and commitment to shareholder value. This buyback scheme follows over $1 billion in share repurchases since late 2021 and will be funded through Wix’s cash reserves and operational cash flow. The company, a leading SaaS platform, will conduct the buybacks in compliance with U.S. securities laws, and the timing and amount will depend on various market factors.
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