The company said it is authorized to acquire up to $1 billion in the aggregate of Class A and Class B common stock, and that it plans to buy shares from time to time in the open market or otherwise, depending on market conditions and the stock price, among other factors.

8-KOther EventsFiled Jun 14, 2024Period of report Jun 13, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

The company said it is authorized to acquire up to $1 billion in the aggregate of Class A and Class B common stock, and that it plans to buy shares from time to time in the open market or otherwise, depending on market conditions and the stock price, among other factors.
News Corp told the ASX that it had bought a cumulative 18,529,880 Class A shares before June 13 for US$355,483,318.40, and 12,756 shares on June 13 for US$346,395.56.
The company said the highest price it paid for Class A shares was US$27.91 on June 6, 2024, and the lowest was US$14.88 on September 29, 2022. It said it has bought approximately US$533,716,544.05 of Class A and Class B shares to date, based on total consideration paid.
The company said the program covers shares listed on Nasdaq, Class A and Class B, and that no ASX-listed CDIs will be bought back. It named BofA Securities, Inc. as broker and gave the reason as "To enhance shareholder value."

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

News Corp $1 billion Share Repurchase Program

The company said it is authorized to acquire up to $1 billion in the aggregate of Class A and Class B common stock, and that it plans to buy shares from time to time in the open market or otherwise, depending on market conditions and the stock price, among other factors.

Source · Based on the filing body and exhibits

Cumulative Class A repurchases and June 13 purchases

News Corp told the ASX that it had bought a cumulative 18,529,880 Class A shares before June 13 for US$355,483,318.40, and 12,756 shares on June 13 for US$346,395.56.

Source · Based on the filing body and exhibits

Repurchase Price Range and Cumulative Amount Spent

The company said the highest price it paid for Class A shares was US$27.91 on June 6, 2024, and the lowest was US$14.88 on September 29, 2022. It said it has bought approximately US$533,716,544.05 of Class A and Class B shares to date, based on total consideration paid.

Source · Based on the filing body and exhibits

Purchase Method, Broker and Reason

The company said the program covers shares listed on Nasdaq, Class A and Class B, and that no ASX-listed CDIs will be bought back. It named BofA Securities, Inc. as broker and gave the reason as "To enhance shareholder value."

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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