News Corporation Initiates $1 Billion Stock Buy-Back Program

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

News Corporation announced a buy-back program for up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. This move, subject to market conditions and stock prices, reflects the company’s strategic initiative to enhance shareholder value and optimize its capital structure. The buy-back does not include ASX-listed CDIs, indicating a focused approach on its Nasdaq-listed securities.

More about News Corporation Shs B Chess Depository Interests repr 1 Sh

News Corporation is a global diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers and businesses throughout the world. The company operates in various segments, including news and information services, book publishing, digital real estate services, and subscription video services.

YTD Price Performance: -6.53%

Average Trading Volume: 192,297

Technical Sentiment Signal: Sell

Current Market Cap: A$24.19B

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