News Corp Announces $2 Billion Stock Repurchase Program

By Ahmed Jameison • Friday, August 29 10:24 • Permanent Link

News Corporation has announced a repurchase program for up to an aggregate of US$1 billion of the Company’s Nasdaq-listed Class A common stock and Class B common stock, authorized as of September 21, 2021. As of July 15, 2025, an additional US$1 billion has been authorized. The Company may purchase up to an aggregate of US$1 billion of 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. 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$743,017,712 worth of Class A and Class B shares (based on total consideration paid) under the 2021 Repurchase Program.

As of the latest notification, the total number of securities bought back or in relation to which acceptances have been received is 23,328,337, with a total consideration paid or payable for the securities of US$489,898,546 and US$1,655,826.99 for the previous day. The highest price paid for the securities was US$30.75 on July 15, 2025, and the lowest price paid was US$14.88 on September 29, 2022.

The anticipated date for the buy-back to occur is September 22, 2021, and the buy-back does not require security holder approval. There are no restrictions on foreign participation in the buy-back, and no other conditions need to be satisfied before the buy-back offer becomes unconditional. The buy-back is being performed to enhance shareholder value.

Goldman Sachs & Co. LLC is the broker offering to buy back securities on the entity’s behalf, and the securities are being bought back for a cash consideration in USD.

The total number of securities on issue in the class of securities to be bought back is 375,750,555, with the total number of securities proposed to be bought back being up to an aggregate of US$1 billion of 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.

The date of the latest notification was August 29, 2025, with the previous day on which securities were bought back being August 28, 2025. Today the company's shares have moved -0.61% to a price of $29.48. Check out the company's full 8-K submission here.

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