News Corp Repurchases $225.7M in Shares

By Ahmed Jamerson • Wednesday, July 08 16:07 • Permanent Link

News Corp said it has bought back 8,977,418 shares in total under its 2025 repurchase program, spending $225.7 million, with an additional 66,163 shares repurchased on the prior day for $1.79 million.

The company said the program authorizes up to $1 billion of repurchases of its Nasdaq-listed Class A and Class B common stock. Based on the company’s disclosure, it has now spent about $350.6 million on the program to date, leaving roughly $649.4 million of capacity remaining.

The latest daily buy-back notification showed the highest price paid during the program was $27.60 a share, while the lowest was $22.20. The most recent day’s repurchases were made at $27.18 and $26.96 a share, respectively, for the two reported transactions.

News Corp said the buybacks are being handled by Goldman Sachs & Co. LLC and are being conducted in U.S. dollars. The company also said no ASX-listed CDIs will be repurchased under the program. The market has reacted to these announcements by moving the company's shares -0.69% to a price of $26.735. Check out the company's full 8-K submission here.

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