2011 Winter TCA Tour – Day 2

Oprah Winfrey Buys 10% Stake in Weight Watchers

Oprah Winfrey is buying a 10% stake in the company behind the Weight Watchers slimming business for $43m (£28m) as it seeks to broaden its activities into health and wellness.

Winfrey will take a place on the board of Weight Watchers International in what the company described as a long-term partnership.

The former US talkshow host turned media proprietor will also take part in the Weight Watchers programme and “candidly share her experiences and perspective along the way”, it added.

Under the agreement, she will purchase newly issued shares representing a 10% stake in the company and receive options to acquire an additional 5% of the fully diluted shares.

More details soon…

The Guardian

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