In Pictures: Top tech hoarders - 15 companies with...
After spending $970 million in cash to acquire Tumblr, Yahoo was still holding $4.2 billion in cash ($2.7 billion in cash and cash equivalents and $1.5 billion in short-term marketable securities) at the midyear. Yahoo’s board authorized a $5 billion share buyback program in 2012, of which $1.9 billion remains. Yahoo has no long-term debt, and it doesn’t pay dividends to shareholders.
In Pictures: Top tech hoarders - 15 companies with huge cash piles