News Corp Announces $2 Billion Stock Buyback Program

By Bobby Samwell • Tuesday, September 30 15:41 • Permanent Link

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, authorized as of September 21, 2021. As of July 15, 2025, an additional US$1 billion has been authorized under the "2025 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 of +securities proposed to be bought back is 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 Company has bought back a total of 24,325,775 +securities, or in relation to which acceptances have been received, for a total consideration paid or payable of US$519,621,334 and US$1,579,482.00, with the highest price paid being US$30.93 on September 23, 2025, and the lowest price paid being US$14.88 on September 29, 2022.

As 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 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$787,057,342 worth of Class A and Class B shares (based on total consideration paid) under the 2021 Repurchase Program.

The anticipated date for the buy-back is September 22, 2021.

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 USD.

The reason for the buy-back is to enhance shareholder value.

The buy-back does not require security holder approval, and there are no restrictions on foreign participation in the buy-back. Following these announcements, the company's shares moved 0.56%, and are now trading at a price of $31.205. For the full picture, make sure to review NEWS CORP's 8-K report.

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