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News Corporation Announces US$1 Billion Stock Buy-back Program

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News Corporation Announces US$1 Billion Stock Buy-back Program

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

News Corporation has announced a buy-back program, authorizing the repurchase of up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. This initiative, part of the 2025 Repurchase Program, aims to enhance shareholder value and reflects the company’s confidence in its financial position and future prospects. The buy-back will be conducted based on market conditions and stock prices, excluding ASX-listed CDIs, and follows a similar US$1 billion repurchase program initiated in 2021.

The most recent analyst rating on (AU:NWS) stock is a Buy with a A$51.70 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 operates in the media and information services industry, focusing on creating and distributing authoritative and engaging content to consumers worldwide. The company offers products and services in news and information, book publishing, digital real estate services, and cable network programming, with a significant market presence in the United States, Australia, and the United Kingdom.

Average Trading Volume: 187,395

Technical Sentiment Signal: Hold

Current Market Cap: A$22.62B

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

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