Sony announces 1st ever share buyback worth $910 million

The move is clearly aimed at boosting shareholder returns. On Friday, Sony Corp announced its first-ever major share buyback worth $910 million (100 billion yen). With the news reaching the market, its stock recovered from a hammering from investors who were spooked over its lackluster earnings. Sony’s announcement marked Japan’s second major buyback this week:…

Adobe Systems inc to acquire Magento Commerce for $1.68 billion in cash

The acquisition is aimed at bolstering Adobe’s Experience Cloud business. In what is stated to be Adobe Systems Inc’s biggest deal in a decade, the U.S. software company disclosed it would be acquiring Magento Commerce, an e-commerce services provider, from private equity firm Permira for $1.68 billion in cash. Following the news, shares of Adobe…