News Corp details progress on US$1 billion Nasdaq share repurchase program

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

News Corporation has lodged a daily notification with the ASX detailing activity under its previously authorised 2025 Repurchase Program, which allows the company to buy back up to US$1 billion of its Class A and Class B common stock listed on Nasdaq. The company confirmed that no ASX-listed CDIs will be repurchased under this program, signalling that capital management efforts are focused on its U.S.-listed equity, potentially affecting share liquidity and capital structure in that market.

Under the buyback framework, News Corporation may repurchase a combination of Class A and Class B shares from time to time in the open market or via other methods, subject to market conditions and the prevailing share price. The program covers a class with 364,894,672 securities on issue and is structured as an “other buy-back” under ASX rules, reflecting the company’s non-Australian incorporation and its focus on U.S.-traded stock rather than its Australian CDIs.

The most recent analyst rating on (AU:NWS) stock is a Buy with a A$50.00 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 that operates across news, information services, and related content businesses. Its primary products include newspapers, digital news platforms, and other media assets, with listings in the U.S. on Nasdaq and Chess Depository Interests on the ASX, reflecting a diversified international shareholder base.

Average Trading Volume: 263,638

Technical Sentiment Signal: Hold

Current Market Cap: A$20.59B

For a thorough assessment of NWS stock, go to TipRanks’ Stock Analysis page.