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

News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has shared an announcement.

News Corporation has announced a buy-back program for its Nasdaq-listed Class A and Class B common stock, with plans to repurchase up to an aggregate of US$1 billion. This strategic move, subject to market conditions and stock prices, aims to enhance shareholder value and optimize the company’s capital structure, although it will not involve repurchasing ASX-listed CDIs.

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

News Corporation operates in the media and information services industry, focusing on delivering news and content across various platforms. The company is known for its diverse portfolio, including newspapers, digital real estate services, book publishing, and cable network programming, with a significant presence in the United States and other international markets.

YTD Price Performance: -1.68%

Average Trading Volume: 173,922

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$25.07B

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