DeNA not only released their financial projections for the first quarter of this fiscal year today, the Mobage operator also said it plans to buy back a good portion of its own shares – a maximum of 14 million of them.
And DeNA is ready to spend up to a quarter billion US dollars (20 billion yen) to make it happen, repurchasing around 10% of the outstanding stock.
The buyback is scheduled to take place between June 15 and July 31 this year. It’s DeNA’s third buyback so far, after one in February this year.
