Fox Corp. announces $1B accelerated share repurchase plan

The company announced that it intends to enter into an accelerated share repurchase transaction to repurchase $1B of Class A Common Stock under the stock repurchase program and to repurchase an additional $450M of Common Stock during the remainder of fiscal 2023. To date, the company has repurchased approximately $2.2B of Class A Common Stock and approximately $935M of Class B Common Stock.