News Corp Announces $1 Billion Buyback Program

By Hao Liu • Friday, July 18 15:35 • Permanent Link

News Corporation (NWS) 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, which was authorized as of September 21, 2021, under the 2021 Repurchase Program. As of July 15, 2025, an additional US$1 billion has been authorized under the 2025 Repurchase Program.

The total number of +securities on issue in the class of +securities to be bought back is 375,081,398, and the Company may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock under the 2021 Repurchase Program and an aggregate of US$1 billion under the 2025 Repurchase Program.

The company has purchased approximately US$698,186,437.73 worth of Class A and Class B shares (based on total consideration paid) under the 2021 Repurchase Program.

On July 17, 2025, the company bought back a total of 22,379,933 securities for a total consideration of US$461,886,046.65. The highest price paid for the securities was US$30.75, and the lowest price paid was US$14.88.

The anticipated date for the buy-back to occur is September 22, 2021.

Morgan Stanley & Co. LLC will offer to buy back +securities on the entity’s behalf, and the +securities being bought back are for a cash consideration in US Dollars.

The reason for the buy-back, according to the company, is to enhance shareholder value. The market has reacted to these announcements by moving the company's shares -0.81% to a price of $29.925. For more information, read the company's full 8-K submission here.

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