News Corporation Update – $1 Billion Buy-Back Program

By Bobby Samwell • Monday, March 18 10:17 • Permanent Link

News Corporation has provided an update on its buy-back program, with the total number of securities proposed to be bought back being up to an aggregate of US$1 billion of Class A common stock and Class B common stock. The company has bought back a total of 17,643,839 securities since the previous day, with a total consideration of US$332,873,919.66 paid for these securities.

The highest price paid for securities in the buy-back program was US$27.09 on March 11, 2024, while the lowest price paid was US$14.88 on September 29, 2022. As of the end of the previous day, the company is authorized to acquire up to an aggregate of US$1 billion worth of Class A and Class B shares and has purchased approximately US$499,849,031.43 worth of shares based on the total consideration paid.

Check out the company's full 8-K submission here.

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