News Corporation has recently announced a buy-back of 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. As of the latest notification, the total number of securities proposed to be bought back is approximately 27,193,681, with a total consideration paid or payable for the securities amounting to US$595,783,536.
The buy-back program began on September 21, 2021 (the “2021 Repurchase Program”) and has seen the company repurchase approximately US$900,905,762 worth of Class A and Class B shares to date. The buy-back is intended to enhance shareholder value and is being conducted in the open market or otherwise, with Goldman Sachs & Co. LLC acting as the broker on the company’s behalf.
The highest price paid for the securities was US$30.93, while the lowest price paid was US$14.88. The company intends to repurchase a maximum of US$1 billion worth of securities under the 2021 Repurchase Program and an aggregate of US$1 billion under the 2025 Repurchase Program.
It's worth noting that the buy-back does not include any ASX-listed CDIs. The company's daily buy-back notification indicates that on the previous day, 27,193,681 securities were bought back for a total consideration of US$595,783,536. As a result of these announcements, the company's shares have moved 0.39% on the market, and are now trading at a price of $25.68. For more information, read the company's full 8-K submission here.
