News Corp Announces $1 Billion Buy-Back Program

By Tamara Parker • Tuesday, July 01 10:20 • Permanent Link

News Corporation has announced its buy-back program for up to an aggregate of US$1 billion of its Nasdaq-listed Class A common stock and Class B common stock. As of the most recent daily buy-back notification, the company has bought back a total of 22,215,623 securities, or in relation to which acceptances have been received, for a total consideration of US$457,054,718.29. The highest price paid was US$30.69 on 19/02/2025, while the lowest price paid was US$14.88 on 29/09/2022.

The total number of securities on issue in the class of securities to be bought back is 375,408,632, and the company may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock. The anticipated date of the buy-back is 22/9/2021.

Furthermore, the company has disclosed an intention to buy back a maximum number of securities. As of the end of the previous day, the remaining number of securities to be bought back is approximately US$309,414,691.29 worth of Class A and Class B shares.

The market has reacted to these announcements by moving the company's shares 0.98% to a price of $29.72. If you want to know more, read the company's complete 8-K report here.

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