News Corporation (NWS) has provided an update on its buy-back program, reporting significant activity since its last announcement. The company has disclosed that it bought back a total of 1,266,827 securities, with a total consideration of US$31,626,836.82 on the previous day. This represents an increase from the previous period, where the company bought back 100,017 securities with a total consideration of US$2,259,864.11.
The highest price paid for securities during the period was US$27.21, and the lowest price paid was US$22.20. Additionally, the company has stated that it is authorized to acquire up to an aggregate of US$1 billion worth of its Nasdaq-listed Class A common stock and Class B common stock under the 2025 Repurchase Program. To date, the company has purchased approximately US$51,686,694 worth of Class A and Class B shares based on total consideration paid under the 2025 Repurchase Program.
These figures demonstrate a substantial increase in the company's buy-back activity compared to the previous period, reflecting its ongoing commitment to capital management and returning value to shareholders. 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.
