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 buy-back program, aiming to repurchase up to $1 billion of its Nasdaq-listed Class A and Class B common stock. This initiative reflects the company’s strategy to optimize its capital structure by taking advantage of current market conditions. Notably, the buy-back will not include any ASX-listed CDIs.
For further insights into AU:NWS stock, check out TipRanks’ Stock Analysis page.