News Corp Announces $2B Stock Buyback

By Ahmed Jameison • Thursday, October 02 10:30 • Permanent Link

News Corporation has announced a buy-back of its common stock Class A, with a total number of 374,934,760 securities on issue in the class of securities to be bought back. 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 additional US$1 billion under the 2025 Repurchase Program.

As of the most recent notification, the company has bought back a total of 24,428,699 securities for a total consideration of US$522,806,749. The highest price paid for the securities was US$31.60 on September 30, 2025, while the lowest price paid was US$14.88 on September 29, 2022.

Furthermore, 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$791,898,686 worth of Class A and Class B shares under the 2021 Repurchase Program.

The anticipated date for the buy-back to occur was September 22, 2021, and the most recent notification of the buy-back was on October 2, 2025, with the previous day of securities being bought back on October 1, 2025.

Goldman Sachs & Co. LLC is the broker responsible for offering to buy back the securities on the entity’s behalf, and the buy-back is for a cash consideration in US dollars, with the price to be paid for the securities bought back not currently known. The reason for the buy-back is to enhance shareholder value.

Today the company's shares have moved -5.73% to a price of $28.95. For the full picture, make sure to review NEWS CORP's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.