News Corp Announces $1 Billion Stock Repurchase Program

By Philip Seaworth • Tuesday, June 24 15:23 • 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. As of the latest buy-back notification, the total number of securities bought back or in relation to which acceptances have been received is 22,157,188, with a total consideration paid or payable of US$455,346,784.70.

The highest price paid for the securities was US$30.69, with the date of the highest price paid being 19/02/2025. The lowest price paid was US$14.88, and the date of the lowest price paid was 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$687,910,481.64 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 1.54% to a price of $29.305. If you want to know more, read the company's complete 8-K report here.

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