Winfrey pays $43.2m for 10% stake in Weight Watchers, and joins the company’s board. She also buys options to acquire an additional 5% of fully diluted shares. She also gives the company the right to use her name, image, likeness and endorsement for the company, its programs, products and services, subject to her approval.
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. I believe in the program so much I decided to invest in the company and partner in its evolution.