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News Corporation Announces $1 Billion Stock Buy-Back Program

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An update from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.

News Corporation has announced a repurchase program for up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. This buy-back initiative, which excludes ASX-listed CDIs, is subject to market conditions and aims to enhance shareholder value by reducing the number of outstanding shares, potentially increasing the value of remaining shares.

More about News Corporation Shs B Chess Depository Interests repr 1 Sh

News Corporation is a diversified media and information services company. It operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services, with a focus on delivering content to a global audience.

YTD Price Performance: -3.79%

Average Trading Volume: 208,503

Technical Sentiment Signal: Sell

Current Market Cap: A$24.44B

See more data about NWS stock on TipRanks’ Stock Analysis page.

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