Oprah Winfrey had such a great experience with Weight Watchers… she decided to buy the company!
Well, 10 percent of it, that is. The media mogul paid $43.2 million for her stake — and following the announcement of the five-year agreement, the stock jumped more than 77 percent on Monday morning.
Wow! We’d say we’re surprised, but… Oprah.
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The weight loss management company said that in addition to joining the board, the 61-year-old billionaire will make appearances and has given Weight Watchers permission to use her name and likeness.
As a shareholder, the OWN head will assist in development and execution of the company’s programs and initiatives.
Weight Watchers President and CEO Jim Chambers shared:
“We are expanding our purpose from focusing on weight loss alone to more broadly helping people lead a healthier, happier life.”
Well, we think Miz Winfrey is just the person to get the job done.
Not to mention, the TV icon has already profited more than $50 million just this morning!
[Image via WENN.]