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An announcement from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.
News Corporation has announced an extension of its share repurchase program, authorizing an additional US$1 billion for the buyback of its Class A and Class B common stock. This move, part of the 2025 Repurchase Program, aims to enhance shareholder value and reflects the company’s confidence in its financial position. The buyback will be conducted in the open market or otherwise, depending on market conditions and stock prices, but will not include ASX-listed CDIs. This strategic decision is expected to positively impact the company’s stock value and provide flexibility in capital management, signaling a strong commitment to returning capital to shareholders.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$52.00 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 that operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services. The company is known for its prominent media outlets and publications, and it focuses on delivering content and services to a wide audience across different platforms.
Average Trading Volume: 190,477
Technical Sentiment Signal: Hold
Current Market Cap: A$23.38B
Learn more about NWS stock on TipRanks’ Stock Analysis page.