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News Corporation Expands Share Buy-Back Program with Additional $1 Billion Authorization

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News Corporation Expands Share Buy-Back Program with Additional $1 Billion Authorization

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

News Corporation has announced an update to its ongoing share buy-back program, initially authorized in 2021, with an additional authorization of up to US$1 billion for 2025. This repurchase program, which targets the company’s Nasdaq-listed Class A and Class B common stock, aims to enhance shareholder value and reflects the company’s confidence in its financial position and future prospects.

The most recent analyst rating on (AU:NWS) stock is a Hold with a A$55.00 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 operates in the media and information services industry, focusing on news and information services, book publishing, digital real estate services, and cable network programming. The company is known for its diverse portfolio of media assets and its significant presence in both the United States and international markets.

Average Trading Volume: 158,883

Technical Sentiment Signal: Buy

Current Market Cap: A$27.22B

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

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