News Corporation provided an update on their buy-back strategies and programs.
The company aims to repurchase an aggregate of US$2 billion of their Class A and Class B common stock.
Market conditions and stock prices will influence the timing and execution of the buy-backs.
Repurchase Programs
Authorized US$1 billion buy-back in 2021 and an additional US$1 billion in 2025.
Market Influence
Repurchases subject to market conditions and stock prices.
Share Classes
Buy-backs focus on Class A and Class B common stock, excluding ASX-listed CDIs.
- News Corporation's buy-back update reflects confidence in their stock's value and future prospects.
- Investors may view the buy-back programs positively as a signal of the company's financial strength and strategic focus.
News Corporation's proactive approach to buy-backs demonstrates commitment to enhancing shareholder value and capital management strategies in a dynamic market environment.