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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has issued an announcement.
News Corporation has notified the ASX of a daily buy-back activity under its previously authorized 2025 Repurchase Program, targeting its Nasdaq-listed Class B common stock represented on the ASX by CDIs. The program covers a potential aggregate repurchase of up to US$1 billion in Class A and Class B common stock, although the company confirms that no ASX-listed CDIs will themselves be repurchased under this initiative.
The repurchases will occur from time to time in the open market or otherwise, subject to market conditions, stock price, and other factors, giving News Corporation flexibility in managing its capital structure. For investors, the program signals an ongoing capital management strategy that could support earnings per share and shareholder returns, while leaving the ASX CDI float unchanged despite underlying U.S. share buy-backs.
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 with securities listed on the ASX and Nasdaq, including Class A and Class B common stock. The company operates across news, information, and related content businesses, using both U.S.-listed shares and ASX-listed CHESS Depositary Interests to access international capital markets.
Average Trading Volume: 179,848
Technical Sentiment Signal: Hold
Current Market Cap: A$18.81B
See more insights into NWS stock on TipRanks’ Stock Analysis page.