News Corporation has provided a notification of a buy-back program for its Class A and Class B common stock.
The buy-back program includes the 2021 Repurchase Program and the 2025 Repurchase Program, totaling up to US$2 billion.
The company intends to repurchase its stock based on market conditions and other factors.
Type of Buy-back
Other buy-back program authorized for up to US$2 billion of Class A and Class B common stock.
Total Securities to be Bought Back
Up to 372,723,535 securities in the class of securities to be bought back.
Maximum Number of Securities
Company intends to buy back a maximum of US$1 billion of Class A and Class B common stock.
- The buy-back program reflects News Corporation's strategy to enhance shareholder value and deploy excess cash efficiently.
- Repurchasing shares can indicate management's confidence in the company's future performance and financial stability.
News Corporation's buy-back program showcases its commitment to maximizing shareholder returns and capital allocation strategy.