AI English summary of an SEC filing — figures as filed
News Corp said its Repurchase Program has been authorized to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock.
Key points
AI summaryNews Corp said its Repurchase Program has been authorized to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock.
The company said it bought back 12,993 shares of Class A common stock for US$371,834.97 on May 8, 2025, and that cumulative repurchases prior to that day were 21,774,993 shares, for US$444,626,903.87.
The company said it has bought approximately US$671,020,430.82 worth of Class A and Class B shares to date, based on total consideration paid, out of the US$1 billion authorized.
The company classified the method of this program as an Other buy-back, with Morgan Stanley & Co. LLC as the broker and "To enhance shareholder value" as the reason for the buy-back. It also said no ASX-listed CDIs will be repurchased under this program.
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.
NWS US$1 billion Buy-Back Program
News Corp said its Repurchase Program has been authorized to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock.
Source · Based on the filing body and exhibits
Class A Daily Buy-Back Notice (2025-05-08)
The company said it bought back 12,993 shares of Class A common stock for US$371,834.97 on May 8, 2025, and that cumulative repurchases prior to that day were 21,774,993 shares, for US$444,626,903.87.
Source · Based on the filing body and exhibits
Cumulative Spending and Authorization
The company said it has bought approximately US$671,020,430.82 worth of Class A and Class B shares to date, based on total consideration paid, out of the US$1 billion authorized.
Source · Based on the filing body and exhibits
Method, Broker and Rationale
The company classified the method of this program as an Other buy-back, with Morgan Stanley & Co. LLC as the broker and "To enhance shareholder value" as the reason for the buy-back. It also said no ASX-listed CDIs will be repurchased under this program.
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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