
BuybackAug 5, 2026, 07:52 AM
News Corp Repurchases $404.7M in Stock Under $1B Program
AI Summary
News Corp announced it has repurchased approximately $404.7 million worth of its Class A and Class B common stock under its $1 billion 2025 Repurchase Program. The company provided daily buy-back notifications to the ASX for transactions on August 4, 2026. The program aims to enhance shareholder value and involves open market repurchases through Goldman Sachs & Co. LLC.
Key Highlights
- News Corp has repurchased approximately $404.7 million in stock to date.
- Approximately $595.3 million remains under the $1 billion repurchase program.
- On August 4, 2026, 62,323 Class A shares were bought for $1.76 million.
- On August 4, 2026, 27,128 Class B shares were bought for $0.87 million.
- Cumulative Class A shares bought: 10.29 million for $261.96 million.
- Cumulative Class B shares bought: 4.85 million for $140.14 million.
- The buyback program is conducted through Goldman Sachs & Co. LLC.
- The repurchase program aims to enhance shareholder value.
Price Impact
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