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. As of July 15, 2025, an additional US$1 billion has been authorized under the 2025 Repurchase Program. 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 total number of +securities on issue in the class of +securities to be bought back is 375,593,195. The company intends to buy back a maximum number of securities and 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 has bought back a total of 23,670,875 +securities, or in relation to which acceptances have been received, for a total consideration paid of US$499,880,910 and US$1,634,853.92 on the previous and before previous days, respectively.
The highest price paid for the +securities was US$30.75, and the lowest price paid was US$14.88.
To date, the company has purchased approximately US$757,911,821 worth of Class A and Class B shares (based on total consideration paid) under the 2021 Repurchase Program. The market has reacted to these announcements by moving the company's shares 2.61% to a price of $29.52. If you want to know more, read the company's complete 8-K report here.
