News Corp Announces $1 Billion Stock Repurchase Program

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 has reported that it may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock, with a total number of 375,783,433 securities issued in the class of securities to be bought back.

As of the latest notification, the company has bought back a total of approximately 17,980,645 securities, or in relation to which acceptances have been received, with a total consideration paid or payable of US$341,460,147.99. 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 has also disclosed that it has purchased approximately US$512,712,159.30 worth of Class A and Class B shares (based on total consideration paid) out of the authorized US$1 billion repurchase program. Additionally, the anticipated date for the buy-back to occur is 22/9/2021.

These figures reflect the company's ongoing buy-back activities and the progress made within the repurchase program. Following these announcements, the company's shares moved -0.0%, and are now trading at a price of $24.02. For the full picture, make sure to review News's 8-K report.

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