News Corp Updates US$1bn Share Repurchase Plan, Excludes ASX CDIs

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

News Corporation has provided an updated notification to the ASX regarding its previously authorised 2025 Repurchase Program, which covers its Nasdaq-listed Class A and Class B common stock. The company clarified that the program allows repurchases of up to an aggregate of US$1 billion of these U.S.-listed shares and that no ASX-listed CHESS Depositary Interests will be acquired under this initiative.

The filing confirms there are 367,798,623 securities on issue in the affected class and restates that buy-backs may occur on the open market or otherwise, subject to market conditions, share price and other factors. This update signals an ongoing commitment to returning capital to shareholders via U.S.-market purchases, while leaving the Australian CDI float unchanged and underscoring the firm’s focus on managing its equity base across multiple listings.

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 information services company with publicly traded Class A and Class B common stock. Its securities trade on Nasdaq and as CHESS Depositary Interests on the ASX, giving it a dual-market investor base across U.S. and Australian exchanges. The company actively manages its capital structure through share repurchase programs and other corporate actions.

Average Trading Volume: 182,475

Technical Sentiment Signal: Hold

Current Market Cap: A$19.64B

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