News Corporation has announced a repurchase program for up to an aggregate of US$1 billion of its Class A and Class B common stock.
The 2025 Repurchase Program expands on the initial 2021 Repurchase Program authorization.
The company plans to repurchase shares based on market conditions and share prices.
Repurchase Program Details
Two repurchase programs totaling US$2 billion for Class A and Class B common stock.
Market-Based Repurchases
Shares to be repurchased as per market conditions and stock prices.
Exclusion of ASX-Listed CDIs
The buy-back programs will not repurchase ASX-listed CDIs.
- The buy-back program indicates the company's confidence in its future performance and value.
- Share repurchases may enhance shareholder value and signal positive outlook.
News Corporation's buy-back program reflects a strategic approach to capital management and shareholder returns, showcasing confidence in the company's prospects.