News Corp announces $1 billion stock buyback

By Bobby Samwell • Tuesday, April 15 15:21 • 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, with a total number of 373,978,194 securities on issue in the class of securities to be bought back.

The entity has already bought back 21,536,129 securities with a total consideration paid or payable of US$438,232,512.50. The highest price paid for the securities was US$30.69 on 19/02/2025, and 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$660,921,865.91 worth of Class A and Class B shares based on the total consideration paid. Today the company's shares have moved 0.4% to a price of $26.39. If you want to know more, read the company's complete 8-K report here.

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