News Corporation reported another day of heavy share repurchases under its 2025 program, with the company saying it had bought back 6,989,092 securities before the previous day and a further 70,004 on the previous day.
The company said it paid US$173.9 million for the larger block of shares and US$1.9 million for the more recent purchases, taking total consideration reported in the notification to US$175.8 million across the two periods.
The buy-back program authorizes repurchases of up to US$1 billion of the company’s Nasdaq-listed Class A and Class B common stock. News Corp said it has already purchased about US$271.4 million worth of those shares to date, leaving roughly US$728.6 million of capacity remaining.
The company listed the highest price paid at US$27.40 on May 11, 2026, and the lowest at US$22.20 on Feb. 9, 2026. The most recent purchase price shown in the filing was US$27.03.
News Corp said the repurchases are being handled by Goldman Sachs & Co. LLC and that no ASX-listed CDIs will be bought back under the program. The filing also stated that 363,052,124 shares were on issue in the class covered by the buy-back. As a result of these announcements, the company's shares have moved 1.68% on the market, and are now trading at a price of $26.6407. Check out the company's full 8-K submission here.
