News Corporation has announced a significant buy-back plan for its Class A common stock and Class B common stock. The company has authorized 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. The company intends to repurchase a combination of its Class A common stock and Class B common stock from time to time, subject to market conditions and the market price of the company’s stock.
As of the latest notification, the total number of securities on issue in the class of securities to be bought back is 372,723,535. The company has the potential to purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock, and it has confirmed its intention to buy back a maximum number of securities.
The company has disclosed that it has bought back a total of 26,753,281 securities, or in relation to which acceptances have been received, with a total consideration paid or payable for the securities of US$584,635,014. Additionally, the highest price paid for the securities was US$30.93, and the lowest price paid was US$14.88.
It's worth noting that 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$884,236,995 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 -0.67% to a price of $25.31. If you want to know more, read the company's complete 8-K report here.
