News Corporation has announced a buy-back 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. This program was authorized as of September 21, 2021 (the "2021 Repurchase Program"). As of July 15, 2025, an additional US$1 billion has been authorized (the "2025 Repurchase Program").
The total number of +securities on issue in the class of +securities to be bought back is 374,966,928. 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.
As of the latest notification, the total number of +securities bought back or in relation to which acceptances have been received is 22,459,822, with a total consideration paid or payable for the +securities of US$464,249,244.73. The highest price paid was US$30.75, and the lowest price paid was US$14.88.
The company has disclosed an intention to buy back a maximum number of +securities, and the remaining number of +securities to be bought back as at the end of the previous day is approximately US$298,066,297.13 worth of Class A and Class B shares under the 2021 Repurchase Program.
The anticipated date for the buy-back to occur is September 22, 2021.
Following these announcements, the company's shares moved -0.54%, and are now trading at a price of $29.37. For more information, read the company's full 8-K submission here.
