BuybackJun 12, 2026, 06:06 AM
News Corp Buys Back $301.6M in Stock Under $1B Program
AI Summary
News Corp has provided daily buy-back notifications for its Class A and Class B common stock under its $1 billion repurchase program authorized on July 15, 2025. As of June 11, 2026, the company has repurchased a significant number of shares, with total consideration paid to date amounting to approximately $301,586,551. The program, managed by Goldman Sachs & Co. LLC, aims to enhance shareholder value.
Key Highlights
- News Corp Class A shares (NWSAA) saw 7,743,772 bought back before June 11, 2026, for $194,050,113.46.
- On June 11, 2026, 70,004 Class A shares were bought back for $1,866,166.63.
- News Corp Class B shares (NWSAB) saw 3,672,420 bought back before June 11, 2026, for $104,743,872.93.
- On June 11, 2026, 30,471 Class B shares were bought back for $926,397.62.
- Total buyback consideration to date is approximately $301,586,551 under the $1 billion program.
- The buyback program aims to enhance shareholder value.
- Goldman Sachs & Co. LLC is the broker for the buyback program.
Price Impact
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