April 12, 2018 / 8:14 PM / 5 months ago

CORRECTED-Broadcom to buy back up to $12 bln of shares

(Corrects to say “end of Broadcom’s fiscal year 2019” instead of “end of its fiscal year on Nov. 3” in paragraph 2)

April 12 (Reuters) - Chipmaker Broadcom Inc said on Thursday it would buy back up to $12 billion of its common stock.

The company, which last month ended its efforts to acquire rival Qualcomm Inc, said the authorization of the repurchase program is effective immediately until the end of Broadcom’s fiscal year 2019. (Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur)

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