News Corporation has announced an update to its buy-back program, with the company intending to repurchase an aggregate of US$1 billion of its Nasdaq-listed Class A common stock and Class B common stock under the 2025 Repurchase Program. As of July 15, 2025, an additional US$1 billion has been authorized for the repurchase program.
The total number of securities on issue in the class of securities to be bought back is 374,563,691, and the total number of securities proposed to be bought back is up to an aggregate of US$1 billion under the 2021 Repurchase Program and an aggregate of US$1 billion under the 2025 Repurchase Program.
The company has bought back a total of 22,827,334 securities with a total consideration paid of US$474,956,220. On the previous day, the company bought back 56,213 securities with a total consideration of US$1,668,289.41. The highest price paid for the securities 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$720,586,550 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. The buy-back does not require security holder approval and there are no restrictions on foreign participation in the buy-back. The reason for the buy-back is to enhance shareholder value.
Goldman Sachs & Co. LLC is the broker who will offer to buy back securities on the entity’s behalf. The securities are being bought back for a cash consideration in US dollars.
These figures and updates provide a clear picture of News Corporation's buy-back activities and its financial commitment to repurchasing its own securities. Following these announcements, the company's shares moved -1.11%, and are now trading at a price of $29.47. Check out the company's full 8-K submission here.
