News Corp Announces $1 Billion Stock Repurchase Program

By Ahmed Jameison • Tuesday, November 25 10:27 • Permanent Link

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, which was authorized as of September 21, 2021. As of July 15, 2025, an additional US$1 billion has been authorized under the 2025 Repurchase Program. 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.

The total number of securities on issue in the class of securities to be bought back is 372,357,131, with a total number of securities proposed to be bought back being up to an aggregate of US$1 billion under both the 2021 and 2025 Repurchase Programs.

The entity intends to buy back a maximum number of securities, with the company being 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 both the 2021 and 2025 Repurchase Programs. To date, the company has purchased approximately US$895,410,103 worth of Class A and Class B shares (based on total consideration paid) under the 2021 Repurchase Program.

The buy-back is intended to enhance shareholder value, and the company has disclosed an intention to buy back a maximum number of securities.

The most recent buy-back notification on November 25, 2025, indicates that the total number of securities bought back, or in relation to which acceptances have been received, is 27,049,681, with a total consideration paid or payable for the securities being US$592,118,109. Additionally, the highest price paid for securities was US$30.93, and the lowest price paid was US$14.88.

Goldman Sachs & Co. LLC is named as the broker who will offer to buy back securities on the entity’s behalf. The buy-back does not require security holder approval, and there are no restrictions on foreign participation in the buy-back. The market has reacted to these announcements by moving the company's shares -1.79% to a price of $25.23. Check out the company's full 8-K submission here.

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