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News Corp Updates Buy-Back Program for Over $526M

News Corporation has released an update on its buy-back program, with the company reporting a total consideration of US$526,147,527 for the securities bought back on the previous day. This includes 24,543,755 securities for which the company paid US$1,678,302.39 in consideration. The highest price paid for the securities was US$30.93 on 23/09/2025, while the lowest price was US$14.88 on 29/09/2022.

As of the date of the announcement, the company has purchased approximately US$796,925,594 worth of Class A and Class B shares under the 2021 Repurchase Program. This represents an increase from the previously authorized amount of US$1 billion. The total number of securities on issue in the class of securities to be bought back is reported as 374,773,490.

The company also noted that an additional US$1 billion has been authorized under the 2025 Repurchase Program. The buy-back program is intended to enhance shareholder value and may involve the repurchase of a combination of the company's Class A common stock and Class B common stock in the open market or otherwise.

Goldman Sachs & Co. LLC has been named as the broker who will offer to buy back securities on the entity's behalf. The buy-back does not require security holder approval and there are no restrictions on foreign participation in the buy-back. Additionally, there are no other conditions that need to be satisfied before the buy-back offer becomes unconditional.

The anticipated date for the buy-back to occur was reported as 22/9/2021. However, the company provided a daily buy-back notification, indicating the securities bought back on the previous day and the total consideration paid for those securities. Today the company's shares have moved -0.79% to a price of $28.155. 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.

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