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.
