News Corporation updates US$1bn share repurchase program, excludes ASX CDIs

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

News Corporation has updated its previously announced 2025 Repurchase Program, authorizing the buy-back of up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. The program covers shares to be acquired over time in the open market or through other means, while explicitly excluding the repurchase of any ASX-listed CHESS Depositary Interests, and sets a ceiling based on aggregate dollar value rather than a fixed share count.

The latest notification to the ASX clarifies that the buy-back is categorized as an “other” type of repurchase due to the company’s non-Australian structure and confirms there is no minimum number of securities to be repurchased. This initiative gives News Corporation additional flexibility in capital management, allowing it to return cash to shareholders and potentially enhance earnings per share, while signaling confidence in the company’s valuation and financial position without altering its ASX-listed CDI float.

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 diversified global media and information services company, with operations spanning news publishing, digital media and related content businesses. Its shares trade in multiple markets, including Nasdaq in the U.S. and as CHESS Depositary Interests on the ASX, reflecting a broad international investor base.

Average Trading Volume: 255,601

Technical Sentiment Signal: Hold

Current Market Cap: A$21.44B

Learn more about NWS stock on TipRanks’ Stock Analysis page.