News Corp details up to US$1bn share repurchase program

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

News Corporation has disclosed details of a buy-back relating to its Nasdaq-listed Class A common stock, referenced on the ASX under the code NWSAA. The filing confirms the entity and security class involved, with no CHESS Depositary Interests on the ASX to be repurchased under the current authority.

The company outlined a 2025 repurchase program authorizing buy-backs of up to US$1 billion of its Class A and Class B common stock. These shares may be acquired from time to time in the open market or otherwise, subject to market conditions and other factors, signaling an ongoing capital management initiative that excludes ASX-listed CDIs.

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 company whose shares trade on Nasdaq and are also represented as CHESS Depositary Interests on the ASX. The company issues Class A and Class B common stock and operates across multiple markets, using capital management programs such as share repurchases to manage its listed equity base.

Average Trading Volume: 225,862

Technical Sentiment Signal: Hold

Current Market Cap: A$19.81B

See more insights into NWS stock on TipRanks’ Stock Analysis page.