News Corporation Initiates $1 Billion Stock Buy-Back Program

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

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 strategic move, subject to market conditions and stock prices, aims to enhance shareholder value and optimize the company’s capital structure, signaling confidence in its financial health and future prospects.

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

News Corporation operates in the media and information services industry, providing a wide range of products and services including news and information, book publishing, digital real estate services, and subscription video services. The company is known for its global reach and diverse media assets, serving a broad market audience.

YTD Price Performance: 1.68%

Average Trading Volume: 168,659

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$26.4B

Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.