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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an announcement.
News Corporation has notified the ASX of a daily buy-back activity under its “other buy-back” category, covering its Nasdaq-listed Class A and Class B common stock rather than ASX-listed CHESS Depositary Interests. The program allows the company to repurchase up to an aggregate of US$1 billion of these shares, with no ASX-listed CDIs to be bought back under this initiative.
The 2025 Repurchase Program, authorized as of July 15, 2025, will enable News Corp to buy back stock from time to time in the open market or otherwise, subject to market conditions and share price levels. This sizable capital management initiative may support earnings per share and signal confidence in the company’s valuation, while not directly affecting the free float of its ASX-listed CDIs.
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 whose securities trade on Nasdaq and ASX, including Class A and Class B common stock and CHESS Depositary Interests. The group operates across news, publishing and related content businesses, giving it broad exposure to advertising, subscription and information markets worldwide.
Average Trading Volume: 225,494
Technical Sentiment Signal: Hold
Current Market Cap: A$19.58B
See more insights into NWS stock on TipRanks’ Stock Analysis page.