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News Corporation Announces $1 Billion Stock Buyback Program

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News Corporation Announces $1 Billion Stock Buyback Program

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

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, which does not include ASX-listed CDIs, is subject to market conditions and the market price of the company’s stock. The initiative is part of the company’s strategy to enhance shareholder value and reflects its confidence in its financial position and future prospects.

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

News Corporation is a global media and information services company that primarily operates in the media industry. It offers a wide range of products and services, including news and information, digital real estate services, book publishing, and cable network programming. The company is known for its market focus on delivering high-quality content across various platforms, catering to a diverse audience worldwide.

YTD Price Performance: -0.65%

Average Trading Volume: 174,821

Technical Sentiment Signal: Sell

Current Market Cap: A$25.75B

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

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