News Corp Details Execution of US$1 Billion Share Repurchase Program

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

News Corporation has updated the market on the execution of its previously authorised 2025 Repurchase Program, which allows the company to buy back up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. The buy-back, structured as an “other” off-market repurchase with no ASX-listed CDIs to be acquired, is intended to be carried out over time in the open market or otherwise, potentially enhancing capital management flexibility and shareholder returns without altering the existing ASX CDI float.

The program covers a class with 367,377,731 common shares currently on issue and does not specify a minimum number of shares to be repurchased, giving the company discretion to adjust the pace and scale of buy-backs in response to market conditions and stock price levels. This approach underscores News Corporation’s ongoing focus on balance sheet optimisation and shareholder value, while limiting direct impact on holders of its ASX-listed CHESS Depositary Interests, which remain outside the scope of the current authorisation.

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 information services company whose securities include Nasdaq-listed Class A and Class B common stock and ASX-listed CHESS Depositary Interests. The group operates in news, publishing, and related media businesses, giving it a significant presence across international capital markets.

Average Trading Volume: 222,088

Technical Sentiment Signal: Hold

Current Market Cap: A$20.24B

See more data about NWS stock on TipRanks’ Stock Analysis page.