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. This program was authorized as of September 21, 2021, and as of July 15, 2025, an additional US$1 billion has been authorized. 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.
As of the latest announcement, the total number of +securities on issue in the class of +securities to be bought back is 373,756,028. The company has purchased approximately US$840,145,425 worth of Class A and Class B shares (based on total consideration paid) under the 2021 Repurchase Program.
In the most recent buy-back activity, the company bought back a total of 25,631,221 securities for a total consideration of US$555,136,146 and a highest price paid of US$30.93 and a lowest price paid of US$14.88. This is a significant increase compared to the previous day's buy-back activity, which saw 70,004 securities bought back for a total consideration of US$1,868,063.74.
The company has disclosed an intention to buy back a maximum number of +securities, and as of the end of the previous day, the remaining number of +securities to be bought back is approximately US$159,854,575.
This latest buy-back activity represents a substantial increase in both the number of securities bought back and the total consideration paid compared to the previous day's activity.
The company intends to repurchase, from time to time, in the open market or otherwise, a combination of the company’s Class A common stock and Class B common stock, subject to market conditions and the market price of the company’s stock, as well as other factors. Following these announcements, the company's shares moved 1.63%, and are now trading at a price of $26.75. If you want to know more, read the company's complete 8-K report here.
