News Corporation said it had repurchased 9,043,581 shares before the previous day and another 70,004 shares on the previous day, bringing the total bought back under its 2025 repurchase program to 9,113,585 shares.
The company said it had paid US$227.5 million for the earlier tranche and US$1.87 million for the latest purchases, for total consideration of US$229.3 million across the two periods disclosed in the notification. Based on the company’s own tally, it has now spent about US$353.4 million on Class A and Class B shares under the program to date.
The buy-back is part of a US$1 billion authorization covering Nasdaq-listed Class A and Class B common stock. News Corp said it may repurchase shares in the open market or otherwise, with Goldman Sachs & Co. LLC acting as broker. The company listed 361,464,129 shares on issue in the class subject to the buy-back.
The notification also showed the buy-back remains active, with the company retaining authority to purchase up to the remaining balance of the program. As a result of these announcements, the company's shares have moved 0.95% on the market, and are now trading at a price of $26.975. For the full picture, make sure to review NEWS CORP's 8-K report.
