News Corporation provided an update on their buy-back notification.
The buy-back includes repurchase programs for Class A and Class B common stock.
No ASX-listed CDIs will be repurchased in these programs.
Buy-back Programs
2021 Repurchase Program authorized up to US$1 billion, while 2025 Repurchase Program added another US$1 billion.
Type of Buy-back
Other buy-back initiated by repurchasing Class A and Class B common stock in the open market.
Maximum Buy-back Amount
The Company intends to repurchase up to an aggregate of US$1 billion of securities.
- The update adds clarity to the ongoing buy-back strategy of News Corporation.
- Investors can observe the company's commitment to enhancing shareholder value through these repurchase programs.
News Corporation's buy-back update reflects a strategic approach to capital management and shareholder value enhancement.