News Corporation (ASX issuer code: NWS) has announced a daily buy-back notification, reporting a total consideration of US$630,785,104 for the repurchase of 28,543,717 securities. This figure contrasts with the previous day's buy-back, which saw a total consideration of US$1,846,418.50 for 70,004 securities.
The highest price paid for securities was US$30.93, with the lowest price paid being US$14.88. Notably, the remaining number of securities to be bought back, based on the company's authorization, stands at approximately US$46,771,949.
This announcement comes after the company had previously authorized a repurchase program for up to an aggregate of US$1 billion of its Nasdaq-listed Class A common stock and Class B common stock as of September 21, 2021 (the "2021 Repurchase Program"). As of July 15, 2025, an additional US$1 billion has been authorized (the "2025 Repurchase Program").
It's worth noting that the company has purchased approximately US$953,228,051 worth of Class A and Class B shares under the 2021 Repurchase Program, based on the total consideration paid.
These figures indicate a significant change in the company's buy-back activities and reflect a substantial financial commitment to repurchasing its own securities. Following these announcements, the company's shares moved -0.93%, and are now trading at a price of $25.985. Check out the company's full 8-K submission here.
