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. As of the latest notification, the total number of securities on issue in the class of securities to be bought back is 369,105,463. 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.
In the most recent buy-back notification, the total number of securities bought back or in relation to which acceptances have been received was 1,073,461 and 93,349, respectively. The total consideration paid or payable for the securities was US$27,189,262.54 and US$2,168,618.62, respectively. The highest price paid for the securities was US$27.21, and the lowest price paid was US$22.20.
Under the 2025 Repurchase Program, the company has purchased approximately US$44,567,175 worth of Class A and Class B shares (based on total consideration paid) to date. The anticipated date for the buy-back to occur is 22/9/2021.
The buy-back does not require security holder approval, and there are no restrictions on foreign participation in the buy-back. The buy-back is being conducted for cash consideration and the company has stated that the reason for the buy-back is to enhance shareholder value. The market has reacted to these announcements by moving the company's shares -1.69% to a price of $26.25. For more information, read the company's full 8-K submission here.
