AI English summary of an SEC filing — figures as filed
News Corp said an additional US$1 billion 2025 Repurchase Program was authorized as of July 15, 2025, in addition to the US$1 billion limit under the 2021 Repurchase Program. The program covers Nasdaq-listed Class A common stock and Class B common stock.
Key points
AI summaryNews Corp said an additional US$1 billion 2025 Repurchase Program was authorized as of July 15, 2025, in addition to the US$1 billion limit under the 2021 Repurchase Program. The program covers Nasdaq-listed Class A common stock and Class B common stock.
The company notified the ASX on a daily basis that it repurchased 92,073 shares of Class A common stock for a total of US$2,621,170.99 on August 11, 2025. The highest price paid that day was US$28.85 and the lowest price was US$28.21.
News Corp said it has purchased approximately US$710,550,736 worth of Class A and Class B shares to date under the 2021 Repurchase Program, based on total consideration paid. The authorized limit for this program is US$1 billion.
The company classified its share repurchase as an 'Other buy-back' type, said the broker is Goldman Sachs & Co. LLC and stated the purpose of the repurchase is to enhance shareholder value. It 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.
2025 US$1 billion New Share Repurchase Program Authorized
News Corp said an additional US$1 billion 2025 Repurchase Program was authorized as of July 15, 2025, in addition to the US$1 billion limit under the 2021 Repurchase Program. The program covers Nasdaq-listed Class A common stock and Class B common stock.
Source · Based on the filing body and exhibits
Class A Daily Share Repurchase on August 11, 2025
The company notified the ASX on a daily basis that it repurchased 92,073 shares of Class A common stock for a total of US$2,621,170.99 on August 11, 2025. The highest price paid that day was US$28.85 and the lowest price was US$28.21.
Source · Based on the filing body and exhibits
Cumulative Repurchases Under 2021 Program
News Corp said it has purchased approximately US$710,550,736 worth of Class A and Class B shares to date under the 2021 Repurchase Program, based on total consideration paid. The authorized limit for this program is US$1 billion.
Source · Based on the filing body and exhibits
Repurchase Method, Broker and Purpose
The company classified its share repurchase as an 'Other buy-back' type, said the broker is Goldman Sachs & Co. LLC and stated the purpose of the repurchase is to enhance shareholder value. It 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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