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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has provided an announcement.
News Corporation has provided a daily notification to the ASX regarding its ongoing share repurchase activity involving its Nasdaq-listed Class A and Class B common stock, clarifying that the buy-back relates only to these securities and excludes ASX-listed CDIs. Under a repurchase program originally authorised in 2021 for up to US$1 billion and expanded in July 2025 by an additional US$1 billion, the company may buy back up to US$2 billion of stock in total, subject to market conditions and other factors, with 142,884,361 Class B shares currently on issue; the program is likely aimed at optimising capital management and could support earnings per share and shareholder value over time by reducing the free float, without directly affecting holders of the ASX CDIs.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$49.00 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 trade on multiple exchanges, including Nasdaq and ASX. It issues Class A and Class B common stock, with Chess Depositary Interests (CDIs) quoted on the ASX, and operates under ARBN 163 882 933 with issuer code NWS for its Australian-listed securities.
Average Trading Volume: 175,804
Technical Sentiment Signal: Hold
Current Market Cap: A$23.04B
Learn more about NWS stock on TipRanks’ Stock Analysis page.