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. The program, subject to market conditions and the market price of the company’s stock, as well as other factors, intends to repurchase, from time to time, in the open market or otherwise, a combination of the company’s Class A common stock and Class B common stock.
As of the most recent buy-back notification, the total number of +securities on issue in the class of +securities to be bought back is 375,408,632, 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 most recent daily buy-back notification reported that on the previous day, a total of 22,261,731 +securities were bought back, or in relation to which acceptances have been received, for a total consideration paid or payable of US$458,423,108.05.
The highest price paid for the +securities during the buy-back was US$30.69 on 19/02/2025, while the lowest price paid was US$14.88 on 29/09/2022.
To date, the company has purchased approximately US$693,168,878.61 worth of Class A and Class B shares (based on total consideration paid), leaving the company 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. Following these announcements, the company's shares moved 0.12%, and are now trading at a price of $29.405. Check out the company's full 8-K submission here.
