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.