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News Corp Outlines US$1bn Nasdaq Share Buy-Back, Excludes ASX CDIs
News Corp has announced a US$1 billion share repurchase program for its Nasdaq-listed Class A and B common stock in 2025. This buy-back explicitly excludes ASX-listed CHESS Depositary Interests (CDIs), focusing on returning capital to U.S. shareholders. The flexible structure aims to enhance capital returns and EPS for Nasdaq investors while leaving the Australian CDI float and its liquidity unchanged.