News Corporation (ASX issuer code: NWS) has provided an update on its buy-back program for its Nasdaq-listed Class A common stock and Class B common stock. The company may repurchase up to an aggregate of US$1 billion of its stock, and as of the latest notification, it has bought back approximately US$696,050,783.40 worth of Class A and Class B shares.
The total number of securities on issue in the class of securities to be bought back is 375,081,398, and the total number proposed to be bought back is up to US$1 billion worth of Class A common stock and Class B common stock.
The most recent daily buy-back notification indicates that on the previous day, the company bought back 22,333,825 securities for a total consideration of US$460,514,030.49, with the highest price paid being US$30.69 and the lowest price being US$14.88.
This update follows the initial notification of the buy-back on 22/9/2021, and the previous announcement to this update was made on 11/07/2025.
The company has also disclosed that the anticipated date for the buy-back to occur is 22/9/2021, with Morgan Stanley & Co. LLC acting as the broker to offer to buy back securities on the company’s behalf.
The buy-back is being conducted to enhance shareholder value, and it does not require security holder approval. Additionally, there are no restrictions on foreign participation in the buy-back, and no other conditions need to be satisfied before the buy-back offer becomes unconditional. Following these announcements, the company's shares moved 0.71%, and are now trading at a price of $29.75. For more information, read the company's full 8-K submission here.
