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News Corporation Announces US$1 Billion Stock Buy-Back Program

Story Highlights
  • News Corporation plans to buy back up to US$1 billion of its Nasdaq-listed stock.
  • The buy-back aims to enhance shareholder value and reflects confidence in future prospects.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

An announcement from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.

News Corporation has announced a buy-back program to repurchase up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. This strategic move is aimed at enhancing shareholder value and reflects the company’s confidence in its financial position and future prospects. The buy-back will be conducted in the open market or otherwise, subject to market conditions and stock prices, and will not include ASX-listed CDIs.

More about News Corporation Shs B Chess Depository Interests repr 1 Sh

News Corporation is a diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers and businesses throughout the world. The company operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services.

Average Trading Volume: 181,471

Technical Sentiment Signal: Buy

Current Market Cap: A$25.63B

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

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