News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a repurchase program targeting up to $1 billion of its Class A and Class B common stock, depending on market conditions and other factors. The buy-back will occur over time, in the open market or through other transactions, but will not include ASX-listed CDIs. The initiative aims to enhance shareholder value by reducing the number of shares outstanding.
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