Nexxen International repurchased 495,000 shares at $6.63 each in December. With 56,284,083 shares outstanding and $7.5M left in its buyback program, the company plans a new $40M repurchase authorization. This move aims to enhance long-term shareholder value and return capital to investors.

Source: TheFly

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Read more at Yahoo Finance: Nexxen announces approval of $40M share repurchase program