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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has shared an announcement.
News Corporation has updated the market on its previously authorised 2025 Repurchase Program, confirming it may buy back up to an aggregate of US$1 billion of its Nasdaq‑listed Class A and Class B common stock. The program will be executed from time to time in the open market or otherwise, subject to market conditions and stock price, and explicitly excludes any repurchase of ASX‑listed CHESS Depositary Interests.
The notification details that the buy‑back relates to a class with 368,265,368 securities on issue and is structured as an “other buy‑back,” reflecting the company’s non‑Australian corporate domicile. By limiting the activity to U.S.‑listed shares, News Corp is signalling a focus on capital management and potential enhancement of earnings per share for holders of its Nasdaq securities, while leaving the CDI structure on the ASX unchanged.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$53.00 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 publishing company with listed Class A and Class B common stock that also trades in the form of CHESS Depositary Interests on the ASX. The group’s activities span news, information, and related media services, and its securities are cross‑listed between Nasdaq and the Australian market, giving it a diversified international shareholder base.
Average Trading Volume: 178,255
Technical Sentiment Signal: Hold
Current Market Cap: A$19.22B
See more insights into NWS stock on TipRanks’ Stock Analysis page.