News Corporation has provided an update on its buy-back program, indicating that as of September 21, 2021, an additional US$1 billion has been authorized under the 2025 Repurchase Program. The company intends to repurchase a combination of its Class A common stock and Class B common stock, subject to market conditions and stock prices.
As of the most recent buy-back notification on September 22, 2025, the total number of securities bought back or in relation to which acceptances have been received is 24,003,239, and the total consideration paid or payable for these securities amounts to US$509,770,498. Additionally, the highest price paid for securities during this period was US$30.75, while the lowest price paid was US$14.88.
The total number of securities on issue in the class of securities to be bought back is 375,203,540, 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 2021 Repurchase Program and an aggregate of US$1 billion under the 2025 Repurchase Program. As of the latest notification, the company has purchased approximately US$771,690,484 worth of Class A and Class B shares under the 2021 Repurchase Program.
The company has also confirmed that the buy-back does not require security holder approval and that there are no restrictions on foreign participation in the buy-back. The anticipated date of the buy-back is September 22, 2021. As a result of these announcements, the company's shares have moved 0.56% on the market, and are now trading at a price of $30.62. If you want to know more, read the company's complete 8-K report here.
