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The latest announcement is out from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ).
News Corporation has notified the ASX of a daily buy-back under a repurchase program authorizing the company to acquire up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. The program, approved as of July 15, 2025, will allow shares to be repurchased from time to time in the open market or otherwise, subject to market conditions and other factors, while explicitly excluding ASX-listed CDIs from these transactions.
The buy-back covers a class of securities with 141,194,738 shares on issue and is structured as an “other buy-back” due to the company’s non-Australian establishment. By reducing the free float of its U.S.-listed shares, News Corporation may enhance capital management flexibility and potentially support earnings per share and shareholder value, while leaving its ASX CDIs unaffected.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$56.00 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, operating across news, information services and related digital platforms. The company issues Class A and Class B common stock, with Chess Depository Interests representing its shares on the ASX, and maintains listings in both the U.S. and Australia to access international capital markets.
Average Trading Volume: 202,955
Technical Sentiment Signal: Hold
Current Market Cap: A$21.84B
Learn more about NWS stock on TipRanks’ Stock Analysis page.