News Corporation has recently announced an update to its buy-back program, with the latest notification dated September 29, 2025. The company is authorized to repurchase up to $1 billion of its Nasdaq-listed Class A common stock and Class B common stock under the 2021 Repurchase Program, and an additional $1 billion under the 2025 Repurchase Program. As of the latest notification, the company has purchased approximately $784,715,473 worth of Class A and Class B shares under the 2021 Repurchase Program.
The total number of securities on issue in the class of securities to be bought back is 374,934,760, and the total number proposed to be bought back is subject to the aforementioned repurchase programs.
The company has bought back a total of 24,272,019 securities since the previous day, with a total consideration paid of $517,985,630 and $1,635,703.69 for the periods before and on the previous day, respectively. The highest price paid for securities was $30.93, and the lowest was $14.88.
Goldman Sachs & Co. LLC has been named as the broker who will offer to buy back securities on the entity’s behalf, and the buy-back is being conducted for cash consideration in US dollars.
The primary reason for the buy-back is to enhance shareholder value, and there are no buy-back restrictions or conditions that need to be satisfied before the offer becomes unconditional.
The anticipated date for the buy-back to occur was September 22, 2021, and the company has provided daily buy-back notifications as required by listing rule 3.8A.
This update to News Corporation's buy-back program indicates a significant amount of stock repurchased and a substantial amount of funds allocated for future buy-backs, reflecting the company's commitment to returning value to its shareholders. The market has reacted to these announcements by moving the company's shares 2.05% to a price of $31.075. Check out the company's full 8-K submission here.
