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News Corp Cancels 166,599 Class B Shares in ASX Buy-Back Move
News Corp (AU:NWS) announced the cancellation of 166,599 ASX-listed Class B shares following a buy-back transaction on April 24, 2026. This move slightly reduces the company’s issued capital, potentially increasing the ownership percentage of remaining shareholders, and signals ongoing capital management. An analyst has a Buy rating on NWS stock with a A$50.00 price target.