Mayank Bansal, CFA
Mayank Bansal is a CFA Charterholder and heads the Equity Research team at Kapitales Research, with over 5 years of experience analysing global equity markets. He leads fundamental, data-driven research combining rigorous financial analysis with macro trends.
News Corporation ASX Rise Leaves Next Buyback Move in the Spotlight
Highlights
News Corporation (ASX: NWS) recorded a (CMP) of AU$43.520, representing a gain of approximately 1.66%, as its latest disclosures outlined ongoing share repurchases. The announcements, released on 10 November 2026, detailed transactions across both common stock classes. Attention now turns to how the company uses its remaining authorisation and whether further buying accompanies the stock’s upward movement.
Existing Authorisation Supports Continued Purchases
On 15 July 2025, the company approved spending of up to US$1 billion to buy back its Class A and Class B common shares listed on Nasdaq.
According to the filings, purchases under this programme had reached approximately US$575,479,292 across both classes. News Corporation stated that the initiative aims to enhance shareholder value, with Goldman Sachs & Co. LLC identified as its broker.
The notifications describe cash-funded purchases under the existing arrangement, rather than announcing an additional repurchase allocation.
Class A Transactions Detailed
The Class A disclosure recorded 28,539 shares purchased on 9 November 2026 for US$753,806.31. The lowest transaction price was US$26.11, while the highest reached US$26.585. Before those transactions, the company had repurchased 14,220,397 Class A shares for US$377,926,072.11. The notification separately reported 357,410,985 securities on issue within this class.
Class B Repurchases Progress
News Corporation also acquired 12,422 Class B shares during the same trading session, spending US$359,830.56. Purchase prices extended from US$28.70 to US$29.4441.
Previously completed Class B purchases comprised 6,561,278 shares at a total cost of US$196,439,583.34. The corresponding disclosure listed 144,250,189 Class B securities on issue.
Together, the announcements provide a breakdown of daily purchases and earlier activity, allowing investors to follow how spending is distributed between the classes.
Outlook Keeps Execution in Focus
Further repurchases may occur through market transactions or other arrangements, subject to share prices, market conditions and additional considerations. ASX-listed CHESS Depositary Interests are outside the programme’s scope.
Future disclosures will clarify the timing and extent of additional purchases. Although the authorisation permits further spending, it does not establish a commitment to exhaust the full allocation.
Note- All data presented is based on information available at the time of writing.
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