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Yahoo Boosts Share Buyback by $5 Billion

Yahoo! Inc. boosted its stock-buyback plan by $5 billion, returning more cash to shareholders as Chief Executive Officer Marissa Mayer seeks to revive growth at the largest U.S. Internet portal.

Yahoo will also sell $1 billion in convertible debt maturing in 2018, in a private placement, the Sunnyvale, California-based company said yesterday in a statement.