News Corp Updates US$2 Billion Nasdaq Share Buyback Programs, Excludes ASX CDIs

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

News Corporation has updated the market on its ongoing share repurchase initiatives, confirming that under previously authorised programs it may buy back up to an aggregate US$1 billion of its Nasdaq-listed Class A and Class B common stock under a 2021 Repurchase Program and a further US$1 billion under a 2025 Repurchase Program. The company intends to conduct these repurchases from time to time in the open market or otherwise, subject to market conditions, share price and other factors, and has clarified that no ASX-listed CHESS Depositary Interests (CDIs) will be bought back under these programs, signalling a targeted focus on its Nasdaq-listed equity structure and capital allocation, with implications for liquidity and potential earnings-per-share accretion for holders of the US-listed shares.

The most recent analyst rating on (AU:NWS) stock is a Hold with a A$47.00 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 the ASX, with separate classes of common stock, including Class A and Class B shares and ASX-listed CHESS Depositary Interests (CDIs). The company operates across news, publishing, and related media assets, and its capital management activities, including share repurchase programs, are an important component of its financial strategy and shareholder returns policy.

Average Trading Volume: 142,242

Technical Sentiment Signal: Hold

Current Market Cap: A$23.08B

For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.