News Corporation has provided an update on its buy-back program, revealing some significant figures from the recent period. In the previous session, the company bought back a total of 26,977,681 securities, with a total consideration of US$590,284,140. This is in addition to the 72,000 securities bought back before the previous day, with a total consideration of US$1,833,969.60.
The highest price paid for securities during this period was US$30.93, while the lowest price paid was US$14.88. As of the end of the previous day, 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$892,670,058 worth of Class A and Class B shares under the 2021 Repurchase Program.
These figures provide a detailed insight into the company's recent buy-back activities, shedding light on the scale and value of the securities involved. The market has reacted to these announcements by moving the company's shares -1.19% to a price of $25.385. For the full picture, make sure to review NEWS CORP's 8-K report.
