News Corp launches US$1 billion buy-back focused on Nasdaq-listed shares

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

News Corporation has initiated an authorised repurchase program of up to US$1 billion covering its Nasdaq-listed Class A and Class B common stock, as notified to the ASX through a daily buy-back filing. The company plans to conduct these repurchases from time to time in the open market or otherwise, while explicitly excluding ASX-listed CHESS Depositary Interests from the program, signalling a targeted capital management strategy focused on its U.S.-listed equity structure.

The buy-back framework allows News Corporation flexibility to adjust the pace and mix of Class A and Class B repurchases based on market conditions, stock price levels and other factors, potentially supporting earnings per share and capital efficiency. By concentrating the program on U.S.-listed shares and not on ASX-listed CDIs, the company is shaping its shareholder profile and liquidity dynamics primarily around its U.S. listing, which may have different implications for investors in each market.

The most recent analyst rating on (AU:NWS) stock is a Buy with a A$56.00 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, with primary operations spanning news publishing, digital real estate, book publishing and subscription video services. Its shares trade in multiple markets, including Nasdaq in the U.S. and as CHESS Depositary Interests on the ASX, giving it a broad international investor base.

Average Trading Volume: 200,295

Technical Sentiment Signal: Hold

Current Market Cap: A$21.85B

For a thorough assessment of NWS stock, go to TipRanks’ Stock Analysis page.