News Corp Repurchases Over $279M in Company Shares

By Ahmed Jamerson • Wednesday, August 19 10:52 • Permanent Link

News Corp has repurchased 10,904,473 shares for a total of US$279,629,269.01 as of the previous day, bringing the company’s cumulative spending under its 2025 repurchase program to about US$431.1 million.

In the latest daily update, the company said it bought back 58,482 shares on the prior day for US$1,717,967.23. Those shares were purchased at a highest price of US$29.64 and a lowest price of US$28.95.

The company’s ongoing buyback authorization covers up to US$1 billion of Nasdaq-listed Class A and Class B common stock. News Corp said the program is being carried out in the open market or otherwise, with Goldman Sachs & Co. LLC acting as broker.

News Corp reported 359,278,622 shares on issue in the class covered by the buyback notice. As a result of these announcements, the company's shares have moved 0.29% on the market, and are now trading at a price of $29.475. If you want to know more, read the company's complete 8-K report here.

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