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Oprah Winfrey Buys 10% Stake in Weight Watchers

PASADENA, CA - JANUARY 06: Oprah Winfrey speaks onstage during the OWN: Oprah Winfrey Network portion of the 2011 Winter TCA press tour held at the Langham Hotel on January 6, 2011 in Pasadena, California. (Photo by Frederick M. Brown/Getty Images)

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


Copyright 2015 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to and other relevant sources.

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