News Corp said its Repurchase Program, covering Class A and Class B common stock combined, has been authorized for up to US$1 billion. The company said it intends to buy back shares from time to time in the open market or otherwise, depending on market conditions and the stock price.

1. 01

   News Corp said its Repurchase Program, covering Class A and Class B common stock combined, has been authorized for up to US$1 billion. The company said it intends to buy back shares from time to time in the open market or otherwise, depending on market conditions and the stock price.

2. 02

   The company notified the ASX that on December 19, 2024, the prior day, it bought back 14,858 shares of Class A common stock for a total of US$413,710.61. The lowest price paid that day was US$27.67, and the highest price paid was US$28.15.

3. 03

   News Corp said it bought back 20,459,745 shares of Class A common stock for a total of US$408,480,835.62 before the previous day, December 19, 2024. The company said cumulative purchases of Class A and Class B shares totaled about US$614,416,235.76 based on total consideration paid.

4. 04

   The company said the program covers Nasdaq-listed Class A and Class B common stock, and that no ASX-listed CDIs will be repurchased. It listed BofA Securities, Inc. as the broker and gave the reason for the buy-back as "To enhance shareholder value."

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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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