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News Corporation Updates $1 Billion Stock Buyback Program
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News Corporation Updates $1 Billion Stock Buyback Program

Story Highlights
  • News Corporation operates in media and information services, serving the US, Australia, and UK.
  • The company plans a $1 billion buyback of Nasdaq-listed Class A and B stocks.
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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has provided an update.

News Corporation has announced an update regarding its stock repurchase program, aiming to buy back up to $1 billion of its Nasdaq-listed Class A and Class B common stock. This repurchase initiative, subject to market conditions, indicates a strategic move to consolidate shares and potentially enhance shareholder value, although it excludes ASX-listed CDIs from the program.

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. The company operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services. It primarily serves markets in the United States, Australia, and the United Kingdom.

YTD Price Performance: 10.22%

Average Trading Volume: 141,508

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$28.36B

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

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