News Corporation has provided a daily buy-back notification for the repurchase program of its Class A and Class B common stock.
The company authorized a repurchase program for up to $1 billion in September 2021, with an additional $1 billion authorized in July 2025.
The buy-back intends to repurchase shares from the open market based on market conditions and stock prices.
Repurchase Program
Two repurchase programs authorized for $1 billion each in 2021 and 2025.
Stock Repurchase
Company intends to repurchase Class A and Class B common stock.
Market Conditions
Repurchases subject to market conditions and stock prices.
- The buy-back announcement may signal News Corporation's confidence in its financial position and future prospects.
- Repurchasing shares can indicate management's belief in the company's value and potential for growth.
News Corporation's daily buy-back notification reflects its commitment to enhancing shareholder value through strategic investments in its own stock.