Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 covers its Nasdaq-listed Class A and Class B common stock. The company has 367,798,623 securities on issue in the relevant class and may repurchase up to an aggregate of US$1 billion of these U.S.-listed shares under the program.
The buy-back is structured as an “other buy-back” given News Corp’s non-Australian incorporation and will be executed in the open market or otherwise, subject to market conditions and share price levels. The company has explicitly excluded ASX-listed CDIs from the repurchase, concentrating capital management efforts on its Nasdaq-listed equity and potentially enhancing earnings per share and capital efficiency for holders of those securities.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$53.00 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 with a primary listing on Nasdaq and Chess Depository Interests on the ASX. It issues Class A and Class B common stock and operates across news, information, and related content businesses, providing investors exposure to the international media sector.
Average Trading Volume: 189,679
Technical Sentiment Signal: Hold
Current Market Cap: A$19.4B
For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.