News Corporation Announces $1 Billion Stock Buy-Back Program

By Tamara Parker • Tuesday, January 14 15:18 • Permanent Link

News Corporation has announced a buy-back 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. As of the most recent buy-back notification, the total number of securities bought back or in relation to which acceptances have been received is 20,667,117, with a total consideration paid or payable of US$414,221,699.80. The highest price paid for the securities was US$30.01, and the lowest price paid was US$14.88. The company is authorized to acquire up to an aggregate of US$1 billion worth of Class A and Class B shares, and to date, it has purchased approximately US$623,309,815.08 worth of shares based on total consideration paid. The anticipated date for the buy-back to occur is 22/9/2021. The market has reacted to these announcements by moving the company's shares 0.4% to a price of $27.55. For the full picture, make sure to review News's 8-K report.

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