News Corporation has announced a daily buy-back notification for its Class A common stock and Class B common stock. The total number of securities bought back or in relation to which acceptances have been received is 22,771,121, with a total consideration of US$473,281,404. The highest price paid for the securities was US$30.75, and the lowest price paid was US$14.88.
The company 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. To date, the company has purchased approximately US$718,079,921 worth of Class A and Class B shares (based on total consideration paid) under the 2021 Repurchase Program.
This is an increase from the last period, as the company had previously authorized a repurchase program for up to US$1 billion of its Class A and Class B common stock, and as of July 15, 2025, an additional US$1 billion has been authorized under the 2025 Repurchase Program.
The company also mentioned that no ASX-listed CDIs will be repurchased in these programs, indicating a specific focus on the Nasdaq-listed stocks. The market has reacted to these announcements by moving the company's shares 0.61% to a price of $29.80. If you want to know more, read the company's complete 8-K report here.
