Warner Bros. Discovery rises amid reports of exclusive deal talks with Netflix
News Corp (NASDAQ:NWSA, NASDAQ:NWS) announced updates regarding its ongoing stock repurchase programs in a filing made Tuesday. The company is authorized to acquire up to $1 billion in aggregate of its outstanding Class A and Class B common shares under these programs.
According to the statement, News Corp is required under Australian Securities Exchange rules to provide daily disclosure of any transactions made through the repurchase programs. The company also includes information about these activities in its quarterly and annual reports.
The filing noted that additional details provided to the Australian Securities Exchange were attached as exhibits, but did not specify the number of shares repurchased or the value of recent transactions.
The information in this article is based on a press release statement and a filing with the Securities and Exchange Commission.
In other recent news, News Corp continues to operate under its authorized stock repurchase programs, allowing the company to buy back up to $1 billion of its Class A and Class B common shares. The company provides daily disclosures of these transactions to the Australian Securities Exchange (ASX) and includes this information in its quarterly and annual reports. News Corp has not disclosed specific repurchase amounts or transaction dates in its recent filings. Additionally, shareholders have approved several amendments to the company’s Restated Certificate of Incorporation. These amendments include limiting the liability of certain officers, eliminating an obsolete corporate opportunity waiver, and adding a federal forum selection provision for claims under the Securities Act of 1933. The company has filed the necessary documents with the Secretary of State of Delaware, and the changes became effective immediately. News Corp also emphasizes that forward-looking statements about its repurchase plans are subject to market conditions and other factors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.