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News Corporation Plans US$1 Billion Stock Buy-Back
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News Corporation Plans US$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 an update to its repurchase program, planning to buy back up to an aggregate of US$1 billion of its Class A and B common stock. The buy-back program will be conducted on the open market or otherwise, depending on market conditions and other factors, excluding ASX-listed CDIs. This move reflects the company’s ongoing efforts to manage its capital allocation effectively.

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

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