tiprankstipranks
Advertisement
Advertisement

News Corp Details US$1 Billion Nasdaq Share Buyback, Excludes ASX CDIs

Story Highlights
  • News Corp launched a US$1 billion repurchase of Nasdaq-listed Class A and B shares.
  • The buyback aims to support capital management while excluding ASX-listed CDIs entirely.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
News Corp Details US$1 Billion Nasdaq Share Buyback, Excludes ASX CDIs

Claim 55% Off TipRanks

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

News Corporation has outlined details of a share repurchase initiative covering its Nasdaq-listed Class A and Class B common stock, while confirming that no ASX-listed CHESS Depositary Interests will be bought back under the plan. The program, authorized as of July 15, 2025, allows the company to repurchase up to US$1 billion of these U.S.-listed shares over time, subject to market conditions, which may support capital management objectives and potentially enhance value for remaining shareholders without altering the CDI float on the ASX.

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 publishing company with interests spanning news, information services and related digital platforms. Its securities trade on multiple exchanges, including Nasdaq and ASX, with separate classes of common stock and CHESS Depositary Interests used for Australian investors.

Average Trading Volume: 223,866

Technical Sentiment Signal: Hold

Current Market Cap: A$20.44B

Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1