News Corporation (NWS) has announced a repurchase program for up to an aggregate of US$1 billion of the company's Nasdaq-listed Class A common stock and Class B common stock, with an additional US$1 billion authorized as of July 15, 2025. As of the latest notification on October 8, 2025, the company has bought back a total of 24,664,269 securities for a total consideration of US$529,556,577.
The highest price paid for the securities was US$30.93 on September 23, 2025, while the lowest price paid was US$14.88 on September 29, 2022. 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$802,048,066 worth of Class A and Class B shares under the 2021 Repurchase Program.
The total number of securities on issue in the class of securities to be bought back is 374,773,490, and the company may 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 aggregate of US$1 billion under the 2025 Repurchase Program.
The buy-back is intended to enhance shareholder value and does not involve ASX-listed CDIs. The anticipated date for the buy-back to occur was September 22, 2021. The buy-back does not require security holder approval and does not have any restrictions on foreign participation or other conditions that need to be satisfied before the buy-back offer becomes unconditional.
Goldman Sachs & Co. LLC is the broker offering to buy back securities on the entity’s behalf. The buy-back is for a cash consideration, with the price to be paid for securities bought back known in USD.
The market has reacted to these announcements by moving the company's shares -2.42% to a price of $27.38. If you want to know more, read the company's complete 8-K report here.