News Corporation has announced an update to its buy-back program, with a total of 22,204,096 securities bought back or for which acceptances have been received. The total consideration paid or payable for these securities is US$456,714,536.92, with the highest price paid being US$30.69 and the lowest price paid being US$14.88. This marks a significant increase in the number of securities bought back compared to the previous day, when only 11,527 securities were bought back for a total consideration of US$340,181.37.
The company has also stated that it may purchase up to an aggregate of US$1 billion of its Class A common stock and Class B common stock, and to date, it has purchased approximately US$690,046,202.91 worth of these shares. This represents a substantial portion of the authorized buy-back amount.
These figures indicate a substantial increase in the buy-back activity compared to the previous period, reflecting the company's commitment to returning value to its shareholders through the repurchase of its own securities. Following these announcements, the company's shares moved 0.93%, and are now trading at a price of $29.705. If you want to know more, read the company's complete 8-K report here.
