News Corporation has provided an update on its buy-back program, with a total of 22,390,660 securities bought back or in relation to which acceptances have been received. The total consideration paid or payable for the securities amounts to US$462,207,715.05. The highest price paid for the securities was US$30.75, and the lowest price paid was US$14.88.
The company has also disclosed that it is 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 under the 2021 Repurchase Program, and an aggregate of US$1 billion under the 2025 Repurchase Program. As of the latest update, the company has purchased approximately US$698,731,377.12 worth of Class A and Class B shares under the 2021 Repurchase Program.
This update comes after the initial notification of the buy-back on 22/9/2021, with the previous announcement to this update dated 18/07/2025. The anticipated date for the buy-back to occur is 22/9/2021.
Morgan Stanley & Co. LLC has been named as the broker who will offer to buy back securities on the entity’s behalf.
Additionally, the total number of securities on issue in the class of securities to be bought back is 375,024,563. As a result of these announcements, the company's shares have moved -1.62% on the market, and are now trading at a price of $29.375. For more information, read the company's full 8-K submission here.
