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, authorized as of July 15, 2025. The company may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock under the 2025 Repurchase Program.
As of the latest notification, the total number of +securities proposed to be bought back is approximately US$11,572,859 worth of Class A and Class B shares, with a total consideration paid or payable for the +securities of approximately US$5,826,053.22 and US$1,868,910.79 on the previous day.
The highest price paid for the securities was US$26.97, while the lowest price paid was US$26.01. The anticipated date of the buy-back is set for 22/9/2021.
Goldman Sachs & Co. LLC has been named as the broker who will offer to buy back +securities on the entity’s behalf. The buy-back is intended for a cash consideration in USD.
The company has not disclosed an intention to buy back a maximum number of +securities, and no updates have been made to previous notifications.
The primary reason for the buy-back, as stated by the entity, is to enhance shareholder value. As a result of these announcements, the company's shares have moved -1.69% on the market, and are now trading at a price of $26.25. For the full picture, make sure to review NEWS CORP's 8-K report.
