News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced an update to its stock repurchase program, aiming to buy back up to $1 billion of its Class A and Class B common stock, listed on Nasdaq. The buyback is dependent on market conditions and stock prices, and the company clarified that no ASX-listed CDIs would be repurchased under this program. This move signifies the company’s intent to reinvest in itself and possibly enhance shareholder value.
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