News Corp Authorizes $2 Billion Buy-Back Program

By Tamara Parker • Friday, September 19 10:19 • Permanent Link

News Corporation has announced its buy-back program for its Class A common stock and Class B common stock. The company has authorized 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 September 21, 2021 (the “2021 Repurchase Program”). As of July 15, 2025, an additional US$1 billion has been authorized (the “2025 Repurchase Program”).

As of the latest notification, the total number of securities on issue in the class of securities to be bought back is 375,479,691, and the total number of securities proposed to be bought back under the 2021 Repurchase Program and the 2025 Repurchase Program is also an aggregate of US$1 billion of Class A common stock and Class B common stock.

The company has not disclosed an intention to buy back a minimum number of securities but has indicated an intention to buy back a maximum number of securities. 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 buy-back is intended to be carried out for a cash consideration, with the price to be paid for securities bought back being in US Dollars. The company has disclosed that the reason for the buy-back is to enhance shareholder value.

As of the latest notification, the total number of securities bought back, or in relation to which acceptances have been received, is 23,949,483, with total consideration paid or payable for the securities at US$508,131,903. The highest price paid for the securities was US$30.75, and the lowest price paid was US$14.88. 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$770,117,903 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 0.73% to a price of $30.45. For the full picture, make sure to review NEWS CORP's 8-K report.

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