News Corporation Initiates $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 repurchase program for up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. This buy-back initiative, subject to market conditions and stock prices, aims to enhance shareholder value and reflects the company’s strategic financial management. The repurchase will not include any ASX-listed CDIs, indicating a targeted approach towards its Nasdaq-listed securities.

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

News Corporation is a prominent player in the media industry, primarily focusing on publishing, news, and information services. The company operates globally, delivering a wide range of media content through its various platforms and subsidiaries.

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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