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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has issued an update.
News Corporation has announced an update to its buy-back program, detailing a repurchase plan of up to US$1 billion in its Nasdaq-listed Class A and Class B common stock. This strategic move is aimed at optimizing the company’s capital structure and enhancing shareholder value, reflecting confidence in its long-term growth prospects. The company will not repurchase any ASX-listed CDIs in this program, indicating a targeted approach within the Nasdaq market. Such buy-back initiatives can positively impact earnings per share and offer financial flexibility, potentially strengthening News Corporation’s position in the competitive media industry.
More about News Corporation Shs B Chess Depository Interests repr 1 Sh
News Corporation is a global diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers and businesses worldwide. The company operates in various segments, including news and information services, book publishing, digital real estate services, and subscription video services, with a market focus on delivering high-quality content across platforms.
YTD Price Performance: 10.22%
Average Trading Volume: 141,508
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$28.36B
See more data about NWS stock on TipRanks’ Stock Analysis page.
