News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
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News Corporation has announced a substantial buy-back initiative, planning to repurchase up to $1 billion of its Nasdaq-listed Class A and Class B common stock. The buy-back will occur in the open market or otherwise, depending on market conditions and stock prices. This move aims to manage the company’s capital effectively and potentially enhance shareholder value.
For further insights into AU:NWS stock, check out TipRanks’ Stock Analysis page.