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. As of the most recent buy-back notification, which was on 5th June 2025, the company had bought back a total of 22,002,073 securities, or in relation to which acceptances had been received, for a total consideration of US$451,022,382.88. The highest price paid for the securities was US$30.69 on 19th February 2025, while the lowest price paid was US$14.88 on 29th September 2022.
The total number of securities on issue in the class of securities to be bought back is 374,319,872, and the total number of securities proposed to be bought back is up to an aggregate of US$1 billion of Class A common stock and Class B common stock. The company has also disclosed an intention to buy back a maximum number of securities and, as of the end of the previous day, the remaining number of securities to be bought back was approximately US$318,877,522.51.
The anticipated date for the buy-back to occur is 22nd September 2021. The buy-back does not require security holder approval, and there are no restrictions on foreign participation in the buy-back. The reason for the buy-back is to enhance shareholder value. The buy-back is being conducted for a cash consideration in USD, and the price to be paid for the securities bought back is known.
As a result of these announcements, the company's shares have moved -0.32% on the market, and are now trading at a price of $27.85. For more information, read the company's full 8-K submission here.
