News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced an update to their ongoing stock repurchase program, targeting an aggregate of US$1 billion of its Class A and Class B common stock. The buy-back will be conducted in the open market or otherwise, depending on market conditions and stock prices, with no ASX-listed CDIs included in the program. This move represents the company’s latest effort to strategically manage its capital allocation.
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