BuybackJun 29, 2026, 07:06 AM
News Corp Updates $1B Share Buyback; Repurchases $3.06M on June 26
AI Summary
News Corp provided daily updates to the Australian Securities Exchange (ASX) regarding its ongoing $1 billion share repurchase program, authorized on July 15, 2025. On June 26, 2026, the company repurchased 76,679 Class A shares for $1.95 million and 38,321 Class B shares for $1.10 million. To date, News Corp has purchased approximately $332.93 million worth of Class A and Class B shares under the program, which is intended to enhance shareholder value.
Key Highlights
- News Corp's share repurchase program is authorized for up to $1 billion.
- As of June 26, 2026, approximately $332.93 million worth of shares have been repurchased.
- On June 26, 2026, 76,679 Class A shares were bought back for $1,953,673.57.
- On June 26, 2026, 38,321 Class B shares were bought back for $1,104,936.22.
- The buyback program aims to enhance shareholder value.
- Goldman Sachs & Co. LLC is the broker facilitating the buyback.
Price Impact
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