News Corp details US$1bn U.S. share buy-back, excludes ASX CDIs

An announcement from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.

News Corporation has updated the market on its 2025 Repurchase Program, which authorises the company to buy back up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. The program applies only to the U.S.-listed shares, and the company has emphasised that no ASX-listed CHESS Depositary Interests will be repurchased under this initiative.

The buy-back, structured as an “other buy-back” due to News Corp’s non-Australian incorporation, will be executed from time to time in the open market or otherwise, subject to market conditions, the company’s share price and other factors. With 369,105,463 securities on issue in the relevant class, the program underscores News Corp’s ongoing focus on shareholder returns and capital allocation while leaving its Australian CDI structure untouched.

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 securities trade on multiple exchanges, including Nasdaq and ASX. The company has Class A and Class B common stock listed in the U.S., while investors in Australia hold CHESS Depositary Interests rather than the underlying shares. Its capital management strategy often includes share repurchase programs to return cash to shareholders and optimise its capital structure.

Average Trading Volume: 159,707

Technical Sentiment Signal: Hold

Current Market Cap: A$18.86B

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