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

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

News Corporation has lodged a daily buy-back notification with the ASX outlining activity under its previously authorised 2025 Repurchase Program. The program permits the company to repurchase up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock over time, depending on market conditions and other factors.

Under the structure of this program, the company plans to conduct repurchases in the open market or through other permitted methods, but explicitly excludes any buy-back of its ASX-listed CHESS Depository Interests. The initiative is designed to manage News Corp’s U.S.-listed equity base and capital allocation without directly affecting the CDI float on the Australian market.

The most recent analyst rating on (AU:NWS) stock is a Buy with a A$53.00 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 securities listed on the ASX and Nasdaq. Its capital structure includes Class A and Class B common stock, along with CHESS Depository Interests on the ASX, giving investors multiple avenues to gain exposure to its media-focused operations.

Average Trading Volume: 183,003

Technical Sentiment Signal: Hold

Current Market Cap: A$19.64B

For an in-depth examination of NWS stock, go to TipRanks’ Overview page.