News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an update.
News Corporation has announced an update to its buy-back program, initially notified in 2021, allowing the repurchase of up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. The buy-back will be executed depending on market conditions and stock prices, although it explicitly excludes ASX-listed CDIs. This strategic move is likely to impact the company’s financial structure positively, potentially increasing shareholder value and consolidating its market position.
More about News Corporation Shs B Chess Depository Interests repr 1 Sh
News Corporation is a global media and information services company that focuses on creating and distributing authoritative and engaging content to consumers and businesses throughout the world. The company operates primarily in the media industry, offering products and services such as news and publishing, digital real estate services, book publishing, and cable network programming. With a significant presence in the United States, Australia, and the United Kingdom, News Corporation aims to provide high-quality content across various segments, including news, information, and entertainment.
YTD Price Performance: 3.84%
Average Trading Volume: 158,316
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$26.59B
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