News Corporation, the global media and information services company, has confirmed the ongoing execution of its stock repurchase program in a recent filing with the Securities and Exchange Commission (SEC).
The company is authorized to repurchase up to $1 billion of its outstanding Class A and Class B common stock over time.
The program, which is subject to market conditions and applicable securities laws, represents the company's commitment to delivering value to its shareholders. News Corp (NASDAQ:NWSA) emphasized that the repurchase of shares will be conducted in compliance with the Australian Securities Exchange (ASX) requirements, where the company is also listed. Under these rules, News Corp is obliged to report daily on any transactions made under the repurchase program.
The news above is based on an SEC filing.
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