News Corp Announces $1 Billion Stock Repurchase Program

By Hao Liu • Wednesday, July 30 10:35 • Permanent Link

News Corporation (ASX: NWS) has announced a repurchase program for its Nasdaq-listed Class A common stock and Class B common stock. The program, authorized as of September 21, 2021, for an aggregate of US$1 billion, has seen an additional US$1 billion authorized as of July 15, 2025.

As of the latest notification on July 30, 2025, the total number of securities on issue in the class of securities to be bought back stands at 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.

The buy-back, aimed at enhancing shareholder value, does not require security holder approval and has no restrictions on foreign participation. 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 most recent daily buy-back notification on July 30, 2025, indicated the total number of securities bought back or in relation to which acceptances have been received as 22,471,349. The total consideration paid or payable for the securities is US$464,588,371.38. The highest price paid was US$30.75, while the lowest price paid was US$14.88.

Furthermore, 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 of the end of the previous day is approximately US$297,534,172.32. To date, the company has purchased approximately US$702,465,827.68 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.

This announcement showcases the company's commitment to returning value to its shareholders through the repurchase program, with significant buy-back activity observed in the recent period. The market has reacted to these announcements by moving the company's shares -0.51% to a price of $29.22. If you want to know more, read the company's complete 8-K report here.

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