News Corp. Announces $1 Billion Stock Buyback Program

By Tamara Parker • Friday, April 05 15:14 • Permanent Link

News Corporation has announced a repurchase program for up to an aggregate of US$1 billion of the company's Nasdaq-listed Class A common stock and Class B common stock. The company may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock. As of the most recent notification, the total number of +securities bought back or in relation to which acceptances have been received is 17,830,073, with a total consideration paid or payable of US$337,696,969.97. The highest price paid for the securities was US$27.09 on 11/03/2024, while the lowest price paid was US$14.88 on 29/09/2022.

The company is authorized to acquire up to an aggregate of US$1 billion of the Company’s Nasdaq-listed Class A common stock and Class B common stock. To date, the company has purchased approximately US$507,063,245.59 worth of Class A and Class B shares (based on total consideration paid). The anticipated date of the buy-back is 22/9/2021. The market has reacted to these announcements by moving the company's shares 0.4% to a price of $25.64. If you want to know more, read the company's complete 8-K report here.

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