News Corporation details activity under US$1bn U.S. share repurchase program

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

News Corporation has notified the ASX of activity under its previously authorised 2025 Repurchase Program covering its Nasdaq-listed Class A and Class B common stock. The company has the capacity to repurchase up to an aggregate of US$1 billion of these U.S.-listed shares, while confirming that no ASX-listed CHESS Depositary Interests will be bought back under this program.

The latest daily buy-back notification details that the program will be executed in the open market or otherwise, subject to market conditions, share price and other factors. This structure allows News Corporation to deploy significant capital toward share repurchases in its primary U.S. listings, potentially supporting earnings per share and capital management objectives without directly affecting the ASX-traded CDIs.

The most recent analyst rating on (AU:NWS) stock is a Hold with a A$42.00 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 information services company whose securities trade on Nasdaq and as CHESS Depositary Interests on the ASX. Its primary business spans news, publishing and related content businesses, and it maintains dual-class share structures with Class A and Class B common stock targeting international equity investors.

Average Trading Volume: 159,707

Technical Sentiment Signal: Hold

Current Market Cap: A$18.84B

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