News Corporation has announced a buy-back program for its Class A common stock and Class B common stock. The company may repurchase 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 additional US$1 billion under the 2025 Repurchase Program, subject to market conditions and stock prices.
As of the most recent buy-back notification, the total number of securities bought back or in relation to which acceptances have been received was 22,939,760, with a total consideration paid or payable for the securities of US$478,283,372. The highest price paid for the securities was US$30.75 on July 15, 2025, while the lowest price paid was US$14.88 on September 29, 2022.
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$725,593,196 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. Furthermore, the company has indicated that the buy-back is intended to enhance shareholder value.
Goldman Sachs & Co. LLC has been named as the broker who will offer to buy back securities on the company’s behalf. The buy-back is not contingent on security holder approval and does not have restrictions on foreign participation. Following these announcements, the company's shares moved -1.0%, and are now trading at a price of $29.55. If you want to know more, read the company's complete 8-K report here.
