News Corp Announces $1 Billion Stock Buy-Back

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

News Corporation has announced a repurchase program for up to $1 billion of its NASDAQ-listed Class A and Class B common stock, dependent on market conditions and other factors. The buy-back will occur periodically in the open market or through other transactions, but it will not include any ASX-listed CDIs. This buy-back initiative reflects the company’s ongoing commitment to optimizing shareholder value.

For further insights into AU:NWS stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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