News Corp Cancels Over 560,000 Class A Shares in Capital Management Move
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News Corporation has announced the cancellation of 561,747 Class A common stock securities as part of a buy-back transaction effective January 2, 2026. This move aims to enhance capital management efficiency and may increase the ownership percentage of remaining shareholders. The current analyst rating for News Corporation stock is a Hold with a price target of A$49.00. The company operates globally in media and information services, with a market cap of A$22.99 billion.
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