News Corp said that in connection with the previously announced resolution to the MFT litigation, on September 8, 2025 it entered into a new stockholders agreement with LGC Holdco, LLC and 3 LGC Family Trusts, and the previous agreement was terminated pursuant to a termination agreement on September 21, 2021.

1. 01

   News Corp said that in connection with the previously announced resolution to the MFT litigation, on September 8, 2025 it entered into a new stockholders agreement with LGC Holdco, LLC and 3 LGC Family Trusts, and the previous agreement was terminated pursuant to a termination agreement on September 21, 2021.

2. 02

   The company said the new stockholders agreement is substantially the same as the previous agreement. It limits the Murdoch Individuals and the LGC Family Trusts and LGC Holdco from collectively owning more than 44% of the outstanding voting power of the shares of Class B common stock, and requires them to forfeit votes to the extent necessary to ensure they do not exceed that threshold.

3. 03

   News Corp said that under the new agreement it has a right of first refusal with respect to any underwritten public offering of Class B common stock held by the LGC Family Trusts or LGC Holdco, and the LGC Family Trusts and LGC Holdco have certain customary registration rights. The agreement will terminate upon the distribution of all or substantially all of the shares of Class B common stock held by the LGC Family Trusts or LGC Holdco or upon mutual written consent of the parties.

4. 04

   The company said that pursuant to an underwriting agreement with Morgan Stanley & Co. LLC entered into on September 8, 2025, the selling stockholders sold 14,071,293 shares of Class B common stock at $31.98 per share, and the offering closed on September 10. The offering consisted entirely of 2 secondary shares, and the company did not sell any shares and did not receive any proceeds from the sale.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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