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Oprah Buys 10% Of Weight Watchers

Our favorite female entrepreneur continues to show us how it's done. Oprah expands her portfolio by investing in Weight Watchers and comes on as an advisor.
Oprah buys 10% stake in weight watchers - lioness magazine
Oprah Winfrey

You can now add Weight Watchers to Oprah Winfrey’s extensive portfolio. USA Today reported that the mogul has purchased 10% percent stake in Weight Watchers International and the move has sent the stock soaring.

Winfrey, who is also getting options to acquire an additional 5% stake, is joining the Weight Watchers board after a positive personal experience with the company’s weight-loss program.

Weight Watchers (WTW) concurrently announced an expansion of its brand beyond a pure focus on weight loss to a general emphasis on healthier, happier living.

Investors flocked to Weight Watchers shares in the wake of the news, sending the stock up 53% in pre-market trading to $10.36 on Monday morning. Winfrey bought her shares at $6.79 for a total investment of $43.2 million, according to a Securities and Exchange Commission filing.”

In a released statement, Winfrey said, “Weight Watchers has given me the tools to begin to make the lasting shift that I and so many of us who are struggling with weight have longed for,” Winfrey said in a statement. “I believe in the program so much I decided to invest in the company and partner in its evolution.”

Read the complete story and what CEO Jim Chambers had to say about her involvement, here.

About the author

Natasha Zena

Around age eight Natasha Zena was told it was a woman’s job to take care of the home and since then she has built a career out of telling women they can do whatever the hell they want to do. She is the co-founder of Lioness, the go-to news source for everything female entrepreneur. Natasha was recognized as an emerging leader in digital media by The Poynter Institute and the National Association of Black Journalists. She has mentored women entrepreneurs and moderated panels at a number of national accelerators, Startup Weekends and conferences such as The Lean Startup Conference, the Massachusetts Conference for Women, Women Empower Expo and Smart Cities Connect. Natasha is also the author of the popular whitepaper, "How To Close The Gender Gap In Startup Land By 2021." In her spare time, she writes short fiction and hangs out with her son, Shaun.

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