News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced a repurchase program targeting an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock, excluding any ASX-listed CDIs. The buy-back will occur periodically depending on market conditions, stock price, and other relevant factors. The company currently has a total of 163,201,060 securities on issue and intends to buy back securities up to the specified aggregate value.
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