News Corp Details US$1 Billion Share Buy-Back, Excludes ASX CDIs

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

News Corporation has outlined details of a US$1 billion share repurchase program covering its Nasdaq-listed Class A and Class B common stock, under an “other buy-back” structure applicable to entities established outside Australia. The plan applies to the company’s common stock, but explicitly excludes any repurchases of ASX-listed CHESS Depositary Interests, which will not be bought back under this program.

The board-authorized 2025 Repurchase Program allows News Corp to buy back stock in the open market or otherwise, from time to time, subject to market conditions, share price levels and other factors. The company has disclosed that 141,461,806 securities are on issue in the relevant class, and it may purchase up to an aggregate of US$1 billion of stock, a move that could enhance capital management flexibility and potentially support earnings per share and shareholder value over time.

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 company whose shares trade on Nasdaq and as CHESS Depositary Interests on the ASX. The company issues Class A and Class B common stock, with its Australian-listed CDIs representing interests in these U.S.-listed shares. It operates across news, information and related media assets, targeting international equity investors through dual listings.

Average Trading Volume: 198,531

Technical Sentiment Signal: Hold

Current Market Cap: A$19.39B

For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.