News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
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News Corporation has announced a substantial buy-back program, aiming to repurchase up to $1 billion worth of its Nasdaq-listed Class A and Class B common stocks. The repurchase will be carried out in the open market or otherwise, depending on market conditions and stock prices, though it will not include ASX-listed CDIs. This strategic move signals confidence in the company’s value and aims to enhance shareholder returns.
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