News Corporation provided a buy-back notification detailing their repurchase program.
The buy-back includes an authorization of up to US$1 billion for Class A and Class B common stock.
No ASX-listed CDIs will be repurchased in these programs.
Repurchase Programs
Authorized amounts include US$1 billion under the 2021 Repurchase Program and an additional US$1 billion under the 2025 Repurchase Program.
Type of Buy-back
The buy-back type is 'Other buy-back' involving the repurchase of Class A and Class B common stock in the open market or otherwise.
Maximum Securities
The Company intends to buy back up to an aggregate of US$1 billion of Class A and Class B common stock.
- The announcement signifies News Corporation's commitment to shareholder value through stock repurchases.
- Market conditions and stock prices will influence the timing and extent of the buy-back activities.
News Corporation's buy-back initiatives demonstrate a strategic approach to capital deployment and shareholder returns.