News Corporation Expands Stock Buy-Back Program by $1 Billion

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

News Corporation has announced an update to its buy-back program, authorizing an additional US$1 billion for the repurchase of its Nasdaq-listed Class A and Class B common stock. This move, 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 executed in the open market or otherwise, subject to market conditions and stock prices, but will not include ASX-listed CDIs.

The most recent analyst rating on (AU:NWS) stock is a Hold with a A$52.00 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, primarily involved in the creation and distribution of authoritative and engaging content across various platforms. The company operates in industries such as news and information services, book publishing, digital real estate services, and subscription video services, with a focus on delivering high-quality content and services to a diverse audience worldwide.

Average Trading Volume: 191,172

Technical Sentiment Signal: Hold

Current Market Cap: A$23.68B

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