News Corporation has announced an update to its buy-back program, with a total of 23,727,088 securities bought back since the previous day. The total consideration paid or payable for these securities is US$501,515,764, marking an increase from the previous period's US$1,652,707.17. The highest price paid for securities was US$30.75, while the lowest price paid was US$14.88, showing a decrease from the previous lowest price of US$29.20.
In terms of the overall program, News Corporation has authorized the repurchase of an additional US$1 billion of Class A common stock and Class B common stock as of July 15, 2025. To date, the company has purchased approximately US$760,355,195 worth of Class A and Class B shares under the 2021 Repurchase Program.
The total number of securities on issue in the class of securities to be bought back is 375,479,691, 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 2025 Repurchase Program.
The company has not disclosed an intention to buy back a maximum number of securities, and the buy-back does not require security holder approval. Additionally, 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 anticipated date of the buy-back is September 22, 2021, and the buy-back notification was submitted on September 15, 2025.
Goldman Sachs & Co. LLC is the broker who will offer to buy back securities on the company’s behalf. The reason for the buy-back is to enhance shareholder value.
Following these announcements, the company's shares moved 1.73%, and are now trading at a price of $29.735. Check out the company's full 8-K submission here.
