News Corporation has provided a buy-back notification, outlining their intention to repurchase Class A and Class B common stock under authorized repurchase programs.
The total number of +securities proposed to be bought back is up to US$1 billion under the 2021 and 2025 Repurchase Programs.
The Company does not intend to buy back a minimum number of securities but plans to repurchase up to an aggregate of US$1 billion as authorized.
The buy-back notification details the class of securities subject to repurchase, which includes Common Stock Class A.
Type of Buy-back
Other buy-back including the 2021 and 2025 Repurchase Programs for up to US$1 billion each.
Total +Securities to be Bought Back
Up to US$1 billion of Class A common stock and Class B common stock under the authorized programs.
Minimum Number of Securities
The Company does not intend to buy back a minimum number of securities.
- The buy-back notification indicates News Corporation's confidence in its financial position and the belief that repurchasing shares is a strategic move.
- By repurchasing Class A and Class B common stock, the Company aims to enhance shareholder value and demonstrate faith in its stock performance.
News Corporation's buy-back notification reflects a proactive approach to utilize its funds for stock repurchase, indicating a positive outlook on future growth and shareholder value.