News Corporation has announced a buy-back program for its Class A common stock and Class B common stock.
The program authorizes repurchases of up to $1 billion under the 2021 Repurchase Program.
An additional $1 billion has been authorized under the 2025 Repurchase Program, subject to market conditions.
Types of Buy-back
Other buy-back program announced for Class A and Class B common stock.
Maximum Securities
The Company intends to repurchase up to an aggregate of $1 billion of securities.
- The buy-back program indicates the company's confidence in its financial position and future prospects.
- It could potentially support the stock price by reducing the outstanding shares in the market.
News Corporation's buy-back program demonstrates its commitment to enhancing shareholder value and capital allocation strategies.