Magnite announces $50M share repurchase program through December 2022

MAGNITE, INC.

Board authorized up to $50 million in common stock repurchases over 12 months starting Dec 10, 2021.
CEO cites confidence in growth prospects and discounted intrinsic value of shares.
Repurchases may be made via open market, private transactions, or block trades subject to market conditions.
Company will fund repurchases from cash on hand; program may be suspended or modified at any time.

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