News Corporation has announced the repurchase of its Class A common stock and Class B common stock under the 2021 Repurchase Program and the 2025 Repurchase Program. The total number of securities on issue in the class of securities to be bought back is 375,203,540. The company may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock under each program.
As of the most recent notification, the company has bought back a total of 24,164,507 securities, with a total consideration of US$514,719,308. The highest price paid for the securities was US$30.93 on 23/09/2025, while the lowest price paid was US$14.88 on 29/09/2022.
The company is authorized to acquire up to an aggregate of US$1 billion 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$779,878,391 worth of Class A and Class B shares under the 2021 Repurchase Program.
The anticipated date for the buy-back to occur is 22/9/2021. The company has disclosed that the buy-back is being conducted to enhance shareholder value.
Goldman Sachs & Co. LLC has been named as the broker who will offer to buy back securities on the entity’s behalf. The buy-back does not require security holder approval and there are no restrictions on foreign participation in the buy-back.
Today the company's shares have moved 0.2% to a price of $30.29. If you want to know more, read the company's complete 8-K report here.
