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AI English summary of an SEC filing — figures as filed

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The company said it operates a stock repurchase program (the Repurchase Program) authorized for up to $1 billion in the aggregate across its Class A common stock and Class B common stock. It said it intends to repurchase shares from time to time, depending on market conditions and the price of its stock.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it operates a stock repurchase program (the Repurchase Program) authorized for up to $1 billion in the aggregate across its Class A common stock and Class B common stock. It said it intends to repurchase shares from time to time, depending on market conditions and the price of its stock.

  2. The company told the ASX that it bought 13,659 Class A common shares at US$400,488.71 on 2024-12-06. Cumulative purchases before that were 20,332,099 shares, US$404,788,360.61 in total.

  3. The company said the highest price paid for shares repurchased in 2024-12-06 was US$29.43 and the lowest was US$29.24. It said it had bought Class A and Class B shares worth about US$608,680,398.76 in total, based on total consideration paid.

  4. The company said the program covers shares listed on Nasdaq, Class A and Class B, and that it will not repurchase ASX-listed CDIs. News Corp named BofA Securities, Inc. as its broker, gave its reason as to enhance shareholder value, and said no shareholder approval is required.

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.

Overview of US$1 billion Share Repurchase Program

The company said it operates a stock repurchase program (the Repurchase Program) authorized for up to $1 billion in the aggregate across its Class A common stock and Class B common stock. It said it intends to repurchase shares from time to time, depending on market conditions and the price of its stock.

Source · Based on the filing body and exhibits

Daily Class A Common Stock Repurchases (2024-12-06)

The company told the ASX that it bought 13,659 Class A common shares at US$400,488.71 on 2024-12-06. Cumulative purchases before that were 20,332,099 shares, US$404,788,360.61 in total.

Source · Based on the filing body and exhibits

Repurchase Price Range and Cumulative Spending

The company said the highest price paid for shares repurchased in 2024-12-06 was US$29.43 and the lowest was US$29.24. It said it had bought Class A and Class B shares worth about US$608,680,398.76 in total, based on total consideration paid.

Source · Based on the filing body and exhibits

Repurchase Method, Broker and Purpose

The company said the program covers shares listed on Nasdaq, Class A and Class B, and that it will not repurchase ASX-listed CDIs. News Corp named BofA Securities, Inc. as its broker, gave its reason as to enhance shareholder value, and said no shareholder approval is required.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.