News Corporation has announced its buy-back program for its Nasdaq-listed Class A common stock and Class B common stock. The company has proposed to 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 purchased approximately US$794,420,102 worth of Class A and Class B shares under the 2021 Repurchase Program.
In the most recent daily buy-back notification, the company bought back a total of 24,484,912 securities, or in relation to which acceptances have been received, as well as 58,843 securities. The total consideration paid or payable for the securities amounts to US$524,456,303 and US$1,691,224.32, respectively. The highest price paid for the securities was US$31.60, and the lowest price paid was US$14.88.
The company has also indicated that it has authorized the repurchase of an additional US$1 billion under the 2025 Repurchase Program as of July 15, 2025. This marks an increase from the initial amount authorized under the 2021 Repurchase Program. The market has reacted to these announcements by moving the company's shares -0.53% to a price of $28.40. If you want to know more, read the company's complete 8-K report here.
