News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a repurchase program targeting an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock, conditional on market conditions and other factors. The buy-back will not include any ASX-listed CDIs, focusing solely on the open market or alternative channels. This strategic move aims to reacquire a significant amount of the company’s outstanding stock, although the total number of shares to be repurchased has not been disclosed.
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