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 total number of securities on issue in the class of securities to be bought back is 367,377,731. 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 previous day, the company has bought back 2,900,433 securities, with a total consideration paid or payable for the securities amounting to US$70,367,543.07. The highest price paid for the securities was US$27.21, and the lowest price paid was US$22.20.
The company has disclosed an intention to buy back a maximum number of securities, and as of the end of the previous day, the remaining number of securities to be bought back is approximately US$887,950,151 worth of Class A and Class B shares (based on total consideration paid) under the 2025 Repurchase Program.
The anticipated date of the buy-back is 22/9/2021. The market has reacted to these announcements by moving the company's shares -1.69% to a price of $26.25. If you want to know more, read the company's complete 8-K report here.
