News Corporation has announced a buy-back program for its Class A common stock and Class B common stock. The company has repurchased a total of 23,558,449 securities for a consideration of US$496,594,141 and an additional 56,213 securities for US$1,633,561.02. The highest price paid for securities was US$30.75 on July 15, 2025, while the lowest price paid was US$14.88 on September 29, 2022.
The total number of securities on issue in the class of securities to be bought back is 375,475,749, and 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, with an additional US$1 billion authorized under the 2025 Repurchase Program.
As of now, the company has purchased approximately US$753,020,884 worth of Class A and Class B shares under the 2021 Repurchase Program. The buy-back is intended to enhance shareholder value and does not require security holder approval or have any restrictions on foreign participation. The anticipated date for the buy-back to occur is September 22, 2021.
Goldman Sachs & Co. LLC has been named as the broker who will offer to buy back securities on the entity’s behalf, and the buy-back is for a cash consideration in US dollars. As a result of these announcements, the company's shares have moved 1.24% on the market, and are now trading at a price of $29.30. If you want to know more, read the company's complete 8-K report here.
