News Corp Repurchases $463.3M in Stock

By Hao Liu • Tuesday, September 08 13:01 • Permanent Link

News Corporation said it has now repurchased about US$463.3 million of stock under its 2025 buyback program, after buying back another 54,641 shares for US$1.67 million on the previous trading day.

The company reported that since the program began, it has bought 11,614,809 shares for a total consideration of US$301.26 million on the most recent cumulative tally shown in the daily notice, alongside the latest 54,641-share purchase. The buyback program authorizes repurchases of up to US$1 billion of the company’s Nasdaq-listed Class A and Class B common stock.

The latest update also shows the pace of repurchases remains active across the program’s life. The highest price paid so far was US$31.58 a share, while the lowest price paid was US$22.20. In the latest day reported, the company paid US$30.85 a share on one set of purchases and US$30.45 on another.

News Corp said the program is being carried out in the open market or otherwise, with Goldman Sachs & Co. LLC acting as broker. The company’s Class A share count on issue stood at 359,946,996. Today the company's shares have moved -1.93% to a price of $29.805. For the full picture, make sure to review NEWS CORP's 8-K report.

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