News Corporation has announced 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, with an additional US$1 billion authorized as of July 15, 2025. As of the latest notification, the total number of securities bought back or in relation to which acceptances have been received was 24,325,775. The total consideration paid or payable for the securities was US$519,621,334, with the highest price paid being US$30.93 and the lowest price paid being US$14.88. As of the end of the previous day, 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, and to date, the company has purchased approximately US$787,057,342 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 was 374,934,760, 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.
The buy-back does not require security holder approval, and there are no restrictions on foreign participation in the buy-back. The anticipated date of the buy-back was September 22, 2021, and the latest notification of securities bought back or in relation to which acceptances have been received was on September 29, 2025.
Goldman Sachs & Co. LLC is the broker who will offer to buy back securities on the entity’s behalf, and the securities are being bought back for a cash consideration in US dollars. The reason for the buy-back is to enhance shareholder value.
Following these announcements, the company's shares moved 1.91%, and are now trading at a price of $31.03. Check out the company's full 8-K submission here.
