News Corporation Announces US$1 Billion Stock Buy-Back Program

News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an update.

News Corporation has announced a buy-back program for its Nasdaq-listed Class A and Class B common stock, with a total repurchase value of up to US$1 billion. This move, which will not include ASX-listed CDIs, is subject to market conditions and aims to optimize the company’s capital structure, potentially enhancing shareholder value and reflecting confidence in the company’s future prospects.

More about News Corporation Shs B Chess Depository Interests repr 1 Sh

News Corporation is a global diversified media and information services company, primarily involved in the creation and distribution of authoritative and engaging content to consumers and businesses throughout the world. The company operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services, focusing on delivering high-quality content across multiple platforms.

YTD Price Performance: 3.56%

Average Trading Volume: 165,830

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$27.19B

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