AI English summary of an SEC filing — figures as filed
News Corp said it has a stock repurchase program, the Repurchase Program, under which it is authorized to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock.
Key points
AI summaryNews Corp said it has a stock repurchase program, the Repurchase Program, under which it is authorized to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock.
The company said it has bought Class A and Class B shares under the program for about US$628,431,547.05 in total consideration paid.
In its daily buy-back notice to the ASX, the company said it repurchased 14,495 shares for US$407,809.58 on January 24, 2025, the previous day. It said cumulative purchases before that day were 20,785,981 shares for US$417,509,888.12.
The company said it is required to disclose buy-back transactions to the ASX daily under ASX rules. It also said the program covers Nasdaq-listed Class A and Class B shares and that no ASX-listed CDIs will be repurchased.
Summary
AI-writtenAnalysis 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 Authorizes US$1 billion Buyback Program
News Corp said it has a stock repurchase program, the Repurchase Program, under which it is authorized to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock.
Source · Based on the filing body and exhibits
Cumulative Buybacks Total About US$628,431,547.05
The company said it has bought Class A and Class B shares under the program for about US$628,431,547.05 in total consideration paid.
Source · Based on the filing body and exhibits
Daily Buy-Back Details for 2025 01-24
In its daily buy-back notice to the ASX, the company said it repurchased 14,495 shares for US$407,809.58 on January 24, 2025, the previous day. It said cumulative purchases before that day were 20,785,981 shares for US$417,509,888.12.
Source · Based on the filing body and exhibits
Program Type and ASX Disclosure Obligations
The company said it is required to disclose buy-back transactions to the ASX daily under ASX rules. It also said the program covers Nasdaq-listed Class A and Class B shares and that no ASX-listed CDIs will be repurchased.
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.
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