News Corporation has notified ASX about its buy-back program for Class A and Class B common stock.
The 2021 Repurchase Program authorized $1 billion, with an additional $1 billion authorized in 2025.
The company intends to repurchase shares based on market conditions and stock prices.
Type of Buy-back
Other buy-back program for Class A and Class B common stock.
Total Number of +Securities
372,357,131 +securities on issue, with authorization for up to $1 billion repurchase.
Maximum Number of Securities
The company intends to repurchase up to $1 billion under the 2025 Repurchase Program.
- The buy-back program signals confidence in News Corporation's stock and financial stability.
- Market conditions and stock prices will dictate the timing and volume of repurchases.
News Corporation's buy-back program reflects strategic investment in its own stock to maximize shareholder value.