News Corporation updates US$1 billion share repurchase program

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

News Corporation has updated its previously announced 2025 Repurchase Program, confirming it may repurchase up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. The buy-back, classified as an ‘other buy-back’ due to the company’s non-Australian structure, will be executed from time to time in the open market or otherwise, and will not include any ASX-listed CDIs.

The program covers a class with 364,533,165 securities on issue and is designed to give the company flexibility in capital management, potentially enhancing earnings per share and returning capital to shareholders. By excluding ASX-listed CDIs from the repurchases, News Corporation delineates its capital actions between U.S.-listed stock and Australian depository interests, a move that may impact liquidity and valuation dynamics differently across its dual listings.

The most recent analyst rating on (AU:NWS) stock is a Buy with a A$50.00 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, operating across news, publishing and digital real estate assets. Its primary products include news content, newspapers, digital media, and subscription-based information services, with listings in the U.S. and Chess Depository Interests on the ASX, targeting investors in international media and communications markets.

Average Trading Volume: 255,601

Technical Sentiment Signal: Hold

Current Market Cap: A$21.44B

See more data about NWS stock on TipRanks’ Stock Analysis page.