Nintendo Plans $1.2 Billion Stock Buy Back

Nintendo plans to buy back stocks worth $1.2 Billion, here is a quote from the source:

The world’s largest maker of video-game machines will buy back as many as 10 million shares, or about 7.8 percent of outstanding shares, the Kyoto, Japan-based company said in a statement yesterday. Nintendo had about $8.6 billion of cash and equivalents and zero debt as of Sept. 30.