News Corporation will move its stock market listing in the United States to the more technology-focused Nasdaq exchange, from the New York Stock Exchange, on Dec. 29, The Australian reported.

"We are confident that Nasdaq's broad offerings and exceptional service, coupled with a cost-effective structure, will provide more value to our stockholders," Reed Nolte, the company's investor relations manager, said in a statement.

News Corp. has a market value of US$22 billion, and is the largest company to switch to the Nasdaq in the past year.

The company's shares will continue trading under current symbols, NWSA for non-voting shares and NWS for voting shares, according to The Australian.