News Corp Repurchases Shares Worth $175.77M

By Bobby Samwell • Friday, May 29 13:03 • Permanent Link

News Corp said it bought back 70,004 shares on 28 May for US$1.85 million, at an average price of about US$26.49 a share.

That daily tally lifted the company’s total repurchases under its 2025 program to 7,059,096 shares, with total consideration paid reaching US$175.77 million. The company said it has authority to repurchase up to US$1 billion of its Nasdaq-listed Class A and Class B common stock.

The latest notification also showed the company’s repurchase pace remained steady on the prior day’s scale: the 28 May buyback was far smaller than the 7.06 million shares already accumulated under the program, and the total cash deployed to date represented about 17.6% of the US$1 billion authorization.

News Corp said the highest price paid so far in the program was US$27.40 a share, while the lowest was US$22.20. Following these announcements, the company's shares moved -1.77%, and are now trading at a price of $26.05. If you want to know more, read the company's complete 8-K report here.

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