NEWS CORP Repurchases Shares Worth US$190.4M

By Greg Peters • Wednesday, June 10 16:04 • Permanent Link

News Corp said it has repurchased 7,611,446 shares in the latest period before June 9, spending US$190.4 million, after buying 66,163 shares on the previous day for US$1.8 million.

The company reported that the latest buyback activity is part of its 2025 repurchase program, under which it can buy back up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. To date, News Corp says it has purchased about US$296.1 million of stock under the program, leaving roughly US$703.9 million of capacity.

The company’s stock-buying activity has been spread across a wide price range. The highest price paid so far was US$27.40 a share, while the lowest was US$22.20. In the most recent day reported, the company paid US$27.48 for the shares bought back, compared with US$26.99 on the prior day. Today the company's shares have moved -0.46% to a price of $27.075. For the full picture, make sure to review NEWS CORP's 8-K report.

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