News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a repurchase program, aiming to buy back up to US$1 billion of its Class A and Class B common stock, depending on market conditions and other factors. The buy-back will target the company’s Nasdaq-listed shares and will exclude ASX-listed CDIs. This strategic move is set to potentially occur through open market transactions or other means, as the company deems appropriate.
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