Oprah Winfrey is taking a 10 percent stake in Weight Watchers for about $43.2 million and is joining the weight management company’s board.
Weight Watchers International Inc. said in a filing with the Securities and Exchange Commission on Monday.
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Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Winfrey has given the company the right to use her name, image, likeness and endorsement for the company, its programs, products and services, subject to her approval.
Winfrey also has the right to use Weight Watchers marks to collaborate with and promote the company.
