News Corporation Announces $1 Billion Stock Repurchase Program

By Bobby Samwell • Wednesday, April 10 15:30 • 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. The total number of +securities on issue in the class of +securities to be bought back is 375,857,092.

The company has bought back a total of 17,873,789 securities, or in relation to which acceptances have been received, for a total consideration of US$338,823,442.40. The highest price paid for these securities was US$27.09 on 11/03/2024, and the lowest price paid was US$14.88 on 29/09/2022.

As of the last notification, the company has purchased approximately US$508,734,505.63 worth of Class A and Class B shares (based on total consideration paid). The anticipated date for the buy-back to occur is 22/9/2021. Today the company's shares have moved -2.6% to a price of $24.85. Check out the company's full 8-K submission here.

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