News Corp Updates US$1 Billion Share Repurchase Plan, Excludes ASX CDIs

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News Corporation has updated its previously announced US$1 billion share repurchase program, clarifying that it will only target Nasdaq-listed Class A and Class B common stock. The company, established outside Australia, will not repurchase ASX-listed CHESS Depositary Interests (CDIs) under this initiative. Analysts currently rate AU:NWS stock as a Hold with a A$42.00 price target.

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