BuybackJul 1, 2026, 06:06 AM
News Corp Updates on $1B Stock Repurchase Program
AI Summary
News Corp provided daily notifications to the ASX regarding its ongoing stock repurchase program. The company is authorized to acquire up to $1 billion of its Class A and Class B common stock under the 2025 Repurchase Program. As of June 30, 2026, News Corp has repurchased approximately $339.37 million in shares. On that day, 86,681 Class A shares and 43,319 Class B shares were bought back, totaling over $3.38 million in consideration.
Key Highlights
- News Corp authorized a $1 billion stock repurchase program (2025 Repurchase Program).
- To date, the company has purchased approximately $339.37 million worth of Class A and Class B shares.
- On June 30, 2026, 86,681 Class A shares were bought back for $2,164,069.18.
- On June 30, 2026, 43,319 Class B shares were bought back for $1,221,149.61.
- The buyback program aims to enhance shareholder value.
- Goldman Sachs & Co. LLC is the broker for the buyback.
Price Impact
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