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business15h ago
News Corp Announces Stock Repurchase Program Update
- News Corp updates its stock repurchase program, authorizing up to $1 billion in buybacks.
- The buyback aims to enhance shareholder value as part of the capital return strategy.
- Goldman Sachs & Co. LLC will facilitate the buyback.
- About $14.39 million of shares were repurchased to date.
- The update is linked to News Corp’s ongoing SEC filings.
- No security holder approval is required for the buyback.
- The announcement comes after News Corp disclosed the current buybacks in SEC filings.
- The news was released on January 29, 2026.
- The program targets both Class A and Class B shares.
- The move is part of News Corp’s broader strategy to return capital to shareholders.
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