News Corporation has announced a significant increase in its share repurchase program, with an additional US$1 billion authorized as of July 15, 2025, under the "2025 Repurchase Program." The company may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock under this program, reflecting a substantial increase from the previous authorization.
The total number of securities proposed to be bought back under the 2021 Repurchase Program and the 2025 Repurchase Program is also noteworthy, with the company aiming to repurchase up to an aggregate of US$1 billion worth of shares in each program.
In the most recent buy-back notification, the company bought back a total of 24,602,598 securities, or in relation to which acceptances have been received, totaling US$527,825,830. This represents a significant increase from the previous day's buy-back, where 61,671 securities were bought back for US$1,730,747.28.
The highest price paid for securities in the most recent buy-back was US$30.93, while the lowest price paid was US$14.88. These figures provide insight into the price range at which the company executed its buy-back transactions.
As of the latest notification, the company has purchased approximately US$799,505,986 worth of Class A and Class B shares under the 2021 Repurchase Program, indicating a substantial utilization of the authorization.
These figures reflect the company's ongoing commitment to enhancing shareholder value through its share repurchase programs, which have seen a significant increase in authorization and notable transaction volumes in the most recent period. Today the company's shares have moved -1.13% to a price of $28.06. If you want to know more, read the company's complete 8-K report here.
