News Corporation has recently announced its buyback program, with an additional US$1 billion authorized as of July 15, 2025, bringing the total aggregate for the 2025 Repurchase Program to US$1 billion. As of September 21, 2021, the aggregate for the 2021 Repurchase Program was also US$1 billion. This brings the total aggregate for both programs to US$2 billion.
The total number of securities on issue in the class of securities to be bought back is 375,479,691. 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.
On the previous day, a total of 56,213 securities were bought back for a total consideration of US$1,670,970.77. The highest price paid for securities was US$30.75, and the lowest price paid was US$14.88.
So far, the company has repurchased approximately US$765,294,795 worth of Class A and Class B shares under the 2021 Repurchase Program.
The anticipated date for the buyback to occur is September 22, 2021, and the company intends to repurchase the securities from time to time in the open market or otherwise, subject to market conditions and stock prices, with the aim of enhancing shareholder value. Following these announcements, the company's shares moved -0.54%, and are now trading at a price of $29.73. Check out the company's full 8-K submission here.
