News Corporation has provided an update on its buy-back program, with the latest notification dated August 18, 2025. The company has proposed to buy back an aggregate of US$1 billion of Class A common stock and Class B common stock under the 2025 Repurchase Program, in addition to the previously authorized 2021 Repurchase Program.
As of the previous announcement on August 15, 2025, the total number of securities on issue in the class to be bought back was 374,563,691. In the latest notification, the company reported that it had bought back a total of 22,827,334 securities, or in relation to which acceptances had been received, as of the previous day. This represents an increase from the previous buy-back figure of 56,213 securities.
The total consideration paid or payable for the securities bought back was US$474,956,220, which is a significant increase from the previous amount of US$1,668,289.41. The highest price paid for securities in the latest notification was US$30.75, while 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$720,586,550 worth of Class A and Class B shares (based on total consideration paid) under the 2021 Repurchase Program.
The anticipated date for the buy-back to occur is September 22, 2021, and the company has stated that the buy-back is being conducted to enhance shareholder value. The buy-back does not require security holder approval and there are no restrictions on foreign participation in the buy-back. The market has reacted to these announcements by moving the company's shares 0.22% to a price of $29.535. If you want to know more, read the company's complete 8-K report here.
