News Corporation Launches $1 Billion Buy-Back

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

News Corporation has announced a share repurchase program targeting an aggregate of US$1 billion of its Class A and Class B common stock, subject to market conditions. The buy-back is not applicable to ASX-listed CDIs and is to occur on the open market or through other channels. The initiative underscores the company’s intention to increase shareholder value through strategic stock buybacks.

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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