News Corporation Authorizes Additional US$1 Billion Share Repurchase Program

By Ahmed Jameison • Tuesday, November 25 15:38 • Permanent Link

News Corporation (NWS) has announced a significant increase in its share repurchase program, with an additional US$1 billion authorized as of July 15, 2025, on top of the existing US$1 billion 2021 Repurchase Program. The company intends to repurchase a combination of its Class A common stock and Class B common stock, with no ASX-listed CDIs included in the repurchase programs. As of the latest notification, the total number of securities bought back or in relation to which acceptances have been received stands at 27,049,681, a substantial increase from the previous period. The total consideration paid or payable for the securities is reported at US$592,118,109, a significant figure compared to the previous period's US$1,832,097.60. Additionally, the company has disclosed that it is authorized to acquire up to an aggregate of US$1 billion worth of Class A and Class B shares under the 2025 Repurchase Program, of which approximately US$895,410,103 worth of shares have been purchased to date. The market has reacted to these announcements by moving the company's shares 1.25% to a price of $25.545. If you want to know more, read the company's complete 8-K report here.

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