Fox Corp Gains After Lifting Its Share Buyback Plan

Investing.com – Fox Corp .  (NASDAQ:FOXA) stock was up approximately 1% in Friday's premarket trade after the media and entertainment giant announced it will add $2 billion to its share repurchase program.

The company already had a $2 billion share buyback plan. Of this, share buybacks of $1.56 billion have already been completed.

Subject to market conditions and other factors, the company intends to repurchase in the open market or otherwise a combination of Class A common stock and Class B common stock.

This stock repurchase program has no time limit and may be modified, suspended or discontinued at any time, a company release said.