BlackBerry says it is looking to buy back up to 12 million shares over the next year.
Based on current prices, that’s an expense of about $130 million for the company.
The buyback program is expected to begin today and spread over a 12-month period.
12 million shares represents 2.5% of the company’s public float.
BlackBerry is currently transitioning from a smartphone-first company to a software-first one.