News Corp Announces $2 Billion Buy-Back Program

By Philip Seaworth • Friday, October 03 10:28 • Permanent Link

News Corporation has announced its daily buy-back notification, revealing key details about its buy-back program. The total number of securities proposed to be bought back is up to an aggregate of US$1 billion under the 2021 Repurchase Program and an additional US$1 billion under the 2025 Repurchase Program.

The entity has bought back a total of 24,484,912 securities before the previous day, with a total consideration paid or payable of US$524,456,303. The highest price paid for the securities was US$31.60, while the lowest price paid was US$14.88.

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$794,420,102 worth of Class A and Class B shares under the 2021 Repurchase Program. Today the company's shares have moved -1.38% to a price of $28.55. If you want to know more, read the company's complete 8-K report here.

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