News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.
News Corporation has announced an update to their repurchase program, with plans to buy back up to an aggregate of US$1 billion of its Class A and Class B common stock, subject to market conditions and other factors. No CDIs listed on the ASX will be involved in this buy-back. The repurchase is part of a strategy to manage the company’s share capital, potentially providing a return to shareholders and optimizing the stock price.
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