News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a repurchase program, under which the company plans to buy back up to $1 billion of its Class A and Class B common stock, depending on market conditions. This buy-back will not include ASX-listed CDIs and will occur through open market transactions or other means. The repurchase program reflects the company’s intent to manage its capital allocation strategically.
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