VeriSign Almost Doubles Buyback Program to $1 Billion

VeriSign Inc., the main manager of the Internet-address database, expanded its stock buyback program by as much as $458.8 million, allowing for a total of $1 billion to be repurchased.

The company had $541.2 million of common stock available for repurchase under a 2010 buyback program, Reston, Virginia- based Verisign said today in a regulatory filing.

To contact the reporter on this story: Lisa Rapaport in New York at lrapaport1@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net

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