News Corp Outlines US$1 Billion U.S. Share Buy-Back, Excludes ASX CDIs

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

News Corporation has disclosed details of a previously authorised US$1 billion share repurchase program covering its Nasdaq-listed Class A and Class B common stock, while confirming that no ASX-listed CHESS Depositary Interests will be bought back under this initiative. The program, which applies to a total class size of 366,490,917 Class A shares, allows the company to repurchase stock in the open market or through other means, potentially supporting earnings per share and capital management flexibility for shareholders.

The buy-back is categorised as an “other” type of repurchase under ASX rules, reflecting News Corp’s non-Australian corporate structure and the focus on U.S.-listed securities. The scale of the authorization underscores management’s willingness to deploy significant capital toward reducing its share count, which may influence liquidity and valuation for holders of the Nasdaq shares while leaving ASX CDI investors unaffected by the transactions themselves.

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 and information services company with shares listed on Nasdaq and represented on the ASX via CHESS Depositary Interests. The group operates across news and information, digital real estate, book publishing and subscription video, giving it a diversified exposure to advertising, content and subscription markets.

Average Trading Volume: 237,321

Technical Sentiment Signal: Hold

Current Market Cap: A$19.97B

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