News Corp Repurchases $348M in Stock

By Ahmed Jamerson • Tuesday, July 07 13:03 • Permanent Link

News Corp has bought back 8,907,414 shares before the previous day and a further 70,004 shares on the previous day, taking total repurchases under its 2025 program to about US$347.96 million in stock.

The company said it paid US$223,823,972.22 for the 8.91 million shares bought before the previous day, and US$1,853,012.88 for the 70,004 shares bought on the previous day.

The repurchase program authorizes up to US$1 billion of the company’s Nasdaq-listed Class A and Class B common stock. Based on the company’s disclosure, that leaves roughly US$652.04 million still available for buybacks.

The highest price paid so far in the program was US$27.60 a share, while the lowest was US$22.20. The most recent shares were bought at US$26.64. The company said the buybacks are being carried out through Goldman Sachs & Co. LLC. Following these announcements, the company's shares moved 1.46%, and are now trading at a price of $27.03. If you want to know more, read the company's complete 8-K report here.

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