WILMINGTON, DE — InterDigital, Inc. (NASDAQ: IDCC), a mobile and video technology research and development company, announced that the company’s Board of Directors recently authorized an increase to the outstanding amount of the company’s existing stock repurchase program by approximately $333 million to a total of $400 million.
The timing of stock repurchases and the number of shares of common stock to be repurchased will depend upon prevailing market conditions and other factors. Repurchases will be made using the company’s cash resources. The company is not obligated to make any repurchases, and any repurchase program may be commenced or suspended from time-to-time at the company’s discretion without prior notice. Repurchases may be made in the open market, through 10b5-1 programs, block purchases or otherwise.
For more information, visit www.interdigital.com.
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