News Corp Launches $1 Billion Stock Buy-Back Program

By Greg Peters • Thursday, June 26 15:56 • 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 latest notification, the total number of securities bought back or in relation to which acceptances have been received is 22,181,042, with a total consideration paid or payable of US$456,035,415.65 and US$338,498.42 on the previous day. 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, and to date, the company has purchased approximately US$688,973,660.80 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. Following these announcements, the company's shares moved 0.54%, and are now trading at a price of $29.56. Check out the company's full 8-K submission here.

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