News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a repurchase program aimed at buying back up to an aggregate of US$1 billion of its Class A and Class B common stock. The stocks, listed on Nasdaq, will be repurchased depending on market conditions, stock prices, and other influencing factors, with no ASX-listed CDIs included in this program. The buy-back represents a significant return of capital to shareholders and reflects the company’s commitment to managing its capital efficiently.
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