News Corp Details US$1bn Buy-Back of Nasdaq-Listed Shares

News Corp has announced a US$1 billion share repurchase program for its Nasdaq-listed Class A and Class B common stock. This buy-back excludes ASX-listed CHESS Depositary Interests and aims to reduce outstanding shares over time, potentially boosting earnings per share and showing confidence in the company’s valuation. The program will be executed flexibly based on market conditions, with the most recent analyst rating on News Corporation (AU:NWS) being a Buy with a A$53.00 price target.

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