News Corp Repurchases $358.8M in Shares

By Hao Liu • Monday, July 13 16:03 • Permanent Link

News Corporation said it had repurchased 9,179,748 shares for US$231.1 million before the previous day and another 66,163 shares for US$1.81 million on the previous day, taking total consideration paid under its 2025 repurchase program to about US$358.8 million.

The company’s buyback authorization covers up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. That leaves roughly US$641.2 million still available under the program.

News Corp reported the highest price paid in the buyback at US$27.60 a share, with the lowest at US$22.20. On the most recent day disclosed, the shares were bought at US$27.85 and US$27.19.

The company’s latest filing also shows 360,808,200 shares on issue in the class subject to the buyback. It said Goldman Sachs & Co. LLC is acting as broker for the repurchases. Today the company's shares have moved 1.43% to a price of $27.76. For the full picture, make sure to review NEWS CORP's 8-K report.

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