News Corporation 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. As of July 15, 2025, an additional US$1 billion has been authorized for repurchase. The total number of securities on issue in the class of securities to be bought back is 374,456,068, and 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 aggregate of US$1 billion under the 2025 Repurchase Program.
The entity intends to buy back a maximum number of securities, and the maximum number of securities proposed to be bought back is the same as the total proposed for the repurchase program.
The buy-back is being conducted for a cash consideration in US dollars. However, the price to be paid for securities bought back is not yet known. The reason for the buy-back is to enhance shareholder value.
In the most recent daily buy-back notification, the total number of securities bought back or in relation to which acceptances have been received is 25,141,193, and 70,004 respectively. The total consideration paid or payable for the securities is US$542,248,207 and US$1,833,425.76, respectively. The highest price paid was US$30.93, and 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$821,233,217 worth of Class A and Class B shares (based on total consideration paid) under the 2021 Repurchase Program. Today the company's shares have moved -2.48% to a price of $25.91. For the full picture, make sure to review NEWS CORP's 8-K report.
