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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 updated its previously announced 2025 Repurchase Program covering its Nasdaq-listed Class A and Class B common stock, confirming that it may repurchase up to an aggregate of US$1 billion of these shares. The company clarified that the buy-back will be conducted in the open market or otherwise, subject to market conditions and other factors, and that no ASX-listed CHESS Depositary Interests will be repurchased under this program, which could concentrate value for holders of the U.S.-listed stock while leaving CDI holders unaffected.
The notification states that the buy-back relates specifically to the Class B common stock with 141,693,978 securities currently on issue in that class, within the broader US$1 billion repurchase authorization spanning both A and B shares. By proceeding with this capital management initiative, News Corporation signals an intention to return capital to shareholders and potentially improve earnings per share and equity value for investors in its Nasdaq-listed stock, while maintaining the existing pool of ASX-listed CDIs.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$53.00 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 publishing company whose securities trade on the ASX under code NWS, with separate Class A and Class B common stock listed on Nasdaq. The company operates across news, information, and related content businesses and also has CHESS Depositary Interests on the ASX representing its underlying U.S.-listed shares.
Average Trading Volume: 178,255
Technical Sentiment Signal: Hold
Current Market Cap: A$19.22B
For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.