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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an announcement.
News Corporation has launched a buy-back under its 2025 Repurchase Program, authorizing the repurchase of up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. The program covers open market or other transactions, but explicitly excludes any repurchase of ASX-listed CHESS Depositary Interests, leaving the 366,050,844 securities in that class unaffected.
The size of the authorization signals a significant capital management initiative that could enhance earnings per share and support the company’s share price in U.S. markets. By focusing solely on Nasdaq-listed shares and not ASX-listed CDIs, News Corporation is concentrating the buy-back’s impact on its primary U.S. equity lines while maintaining the existing float for Australian investors.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$44.00 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 company with securities listed on Nasdaq and the ASX, including Class A and Class B common stock and CHESS Depositary Interests (CDIs). The group operates across news, information and related media businesses, with its shares primarily traded in the U.S. while also maintaining a presence in the Australian market.
Average Trading Volume: 260,810
Technical Sentiment Signal: Hold
Current Market Cap: A$20.64B
See more insights into NWS stock on TipRanks’ Stock Analysis page.