News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
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News Corporation is embarking on a significant stock buy-back program, planning to repurchase up to $1 billion of its Class A and Class B common stock. This move, which will occur in the open market or otherwise, signals the company’s confidence in its own value and aims to enhance shareholder returns. No ASX-listed CDIs will be included in this buy-back initiative.
For further insights into AU:NWS stock, check out TipRanks’ Stock Analysis page.