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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has provided an update.
News Corporation has launched a buy-back under its 2025 Repurchase Program, authorizing the repurchase of up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. The company plans to execute purchases from time to time in the open market or otherwise, while explicitly excluding ASX-listed CDIs from the program.
The buy-back, which applies to a class with 364,894,672 securities on issue, is positioned as a capital management initiative that could support earnings per share and signal confidence in the company’s valuation. The decision not to include ASX-listed CDIs means Australian CDI holders will not directly benefit from repurchases, potentially leading to differing impacts across the company’s investor base.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$50.00 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 operations spanning news publishing, digital media and related content businesses. Its shares trade on Nasdaq, with separate Class A and Class B common stock, and Chess Depository Interests listed on the ASX providing exposure for Australian investors.
Average Trading Volume: 263,195
Technical Sentiment Signal: Hold
Current Market Cap: A$21.18B
See more data about NWS stock on TipRanks’ Stock Analysis page.