News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
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News Corporation has announced a repurchase program with intentions to buy back up to $1 billion of its Class A and Class B common stock, depending on market conditions, stock price, and other factors. The buy-back plan will not include the repurchase of any ASX-listed CDIs and aims to conduct these transactions in the open market or through other means. This move represents a significant investment back into the company’s own equity, signaling potential confidence in its financial health and future prospects.
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