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News Corp Details US$1 Billion Share Repurchase Focused on Nasdaq-Listed Stock
News Corp is proceeding with a US$1 billion share repurchase program targeting its Nasdaq-listed Class A and B common stock, deliberately excluding ASX-listed CDIs. This strategic move aims to optimize capital allocation, potentially boost earnings per share, and signal confidence in the company’s valuation. The program allows for flexible repurchases based on market conditions and other factors influencing its capital strategy.