News Corp Details Daily Activity Under US$1bn Share Repurchase Program

News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has provided an update.

News Corporation has notified the ASX of a daily buy-back activity under its previously authorised 2025 Repurchase Program, which allows the company to repurchase up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. The program will be executed from time to time in the open market or otherwise, is subject to market conditions and share price, and explicitly excludes repurchases of ASX-listed CHESS Depository Interests, signaling a capital management focus on U.S.-listed equity while leaving the Australian CDI float unchanged.

The most recent analyst rating on (AU:NWS) stock is a Hold with a A$42.00 price target. To see the full list of analyst forecasts on News Corporation Shs B Chess Depository Interests repr 1 Sh stock, see the AU:NWS Stock Forecast page.

More about News Corporation Shs B Chess Depository Interests repr 1 Sh

News Corporation is a global media and publishing company whose securities include Class A and Class B common stock listed on Nasdaq and represented by CHESS Depository Interests on the ASX. The firm operates across news, information, and related media services, using capital management programs such as share repurchases to adjust its equity base and potentially enhance shareholder returns.

Average Trading Volume: 237,321

Technical Sentiment Signal: Hold

Current Market Cap: A$19.97B

For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.