News Corporation has announced its intention to repurchase an aggregate of US$1 billion worth of its 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. As of the latest notification, the total number of securities bought back or for which acceptances have been received amounts to 23,162,155, with a total consideration paid of US$484,923,820 and US$1,630,446.36 on the previous and before previous days, respectively.
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 worth of Class A and Class B shares under the 2021 and 2025 Repurchase Programs, and to date, approximately US$735,508,103 worth of shares have been purchased under the 2021 Repurchase Program.
The anticipated date for the buy-back to occur is September 22, 2021, and Goldman Sachs & Co. LLC will offer to buy back the securities on the entity's behalf. The buy-back does not require security holder approval, and there are no restrictions on foreign participation in the buy-back. The buy-back is being conducted to enhance shareholder value. The market has reacted to these announcements by moving the company's shares -1.24% to a price of $29.765. For the full picture, make sure to review NEWS CORP's 8-K report.
