News Corporation has announced a buy-back program for its Nasdaq-listed Class A common stock and Class B common stock. The 2021 Repurchase Program authorized the repurchase of up to US$1 billion worth of shares, and as of July 15, 2025, an additional US$1 billion has been authorized under the 2025 Repurchase Program. The company may repurchase these shares in the open market or otherwise, subject to market conditions and stock price.
As of the latest notification, the total number of securities on issue in the class of securities to be bought back is 372,357,131. The company has bought back a total of 27,193,681 securities, or in relation to which acceptances have been received, for a total consideration of US$595,783,536. The highest price paid for the securities was US$30.93, and the lowest price paid was US$14.88.
The company is authorized to acquire up to an aggregate of US$1 billion of the 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$900,905,762 worth of Class A and Class B shares under the 2021 Repurchase Program.
The anticipated date for the buy-back to occur is September 22, 2021, and there are no restrictions on foreign participation in the buy-back. The primary reason for the buy-back is to enhance shareholder value.
These figures and details illustrate the company's ongoing efforts to return value to its shareholders through the repurchase of its own shares. Following these announcements, the company's shares moved 0.39%, and are now trading at a price of $25.68. For more information, read the company's full 8-K submission here.
