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The latest announcement is out from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ).
News Corporation has notified the ASX of a daily buy-back in relation to its Class B common stock CHESS Depositary Interests, clarifying that the company’s existing repurchase initiatives are directed at its Nasdaq-listed Class A and Class B common stock and that no ASX-listed CDIs will be acquired under these programs. Under a previously authorised US$1 billion repurchase program from 2021 and an additional US$1 billion program authorised in July 2025, the company intends, subject to market conditions and other factors, to buy back up to US$2 billion of its Nasdaq-listed stock in the open market or otherwise, a capital management move that may support earnings per share and shareholder returns while leaving the ASX CDI float unchanged.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$49.00 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 information services company whose securities trade on Nasdaq and are additionally represented on the ASX via CHESS Depositary Interests. The company’s equity structure includes Class A and Class B common stock, with the ASX code NWSAB referring to its Class B common stock; however, the announced capital management actions are focused on its Nasdaq-listed shares rather than its ASX-listed CDIs.
Average Trading Volume: 154,738
Technical Sentiment Signal: Hold
Current Market Cap: A$23.12B
Learn more about NWS stock on TipRanks’ Stock Analysis page.