US internet giant SportsLine.com has confirmed it is to instigate a $2m stock repurchasing programme.
The board of directors of SportsLine authorised the firm to buy-up up to $2m of outstanding common stock.
Shares may be purchased from time to time on the open market at prevailing market prices or in privately negotiated transactions.
Nasdaq-listed SportsLine.com shares have lost two-thirds of their value in the last two months and the buy-up could be aimed at shoring up investor confidence.
 |
 |
 |
 |
 |
 |
Request a FREE trial copy of SportBusiness International Magazine today
"Covering all aspects of the business and offering each month valuable insights into specific geographic regions, SportBusiness International is a must-read for anyone working in our industry"
Philippe Blatter, President and CEO, Infront Sports & Media
Request your FREE copy today - simply click here.
