News Corp Buys Back $500M+ in Securities

By Hao Liu • Monday, September 15 10:10 • Permanent Link

News Corporation has provided an update on its buy-back program, with the total consideration paid or payable for the +securities amounting to US$501,515,764 on the previous day. The company has bought back a total of 23,727,088 +securities, or in relation to which acceptances have been received. The highest price paid for the +securities was US$30.75, while the lowest price paid was US$14.88. As of the end of the previous day, 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$760,355,195 worth of Class A and Class B shares (based on total consideration paid) under the 2021 Repurchase Program. Today the company's shares have moved -0.98% to a price of $29.23. Check out the company's full 8-K submission here.

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