Oprah Winfrey Invests In Weight Watchers; To Join Board - Quick Facts

(RTTNews) - Weight Watchers International, Inc. (WTW) announced a groundbreaking partnership with Oprah Winfrey to broaden its mission to prioritize overall health and wellness.

As a part of this long-term partnership, Winfrey is making a substantial equity investment in Weight Watchers and is joining the board of directors. Winfrey will purchase newly issued shares representing 10% of the shares outstanding and will receive options to acquire an additional 5% of the fully diluted shares.

Oprah 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. I believe in the program so much I decided to invest in the company and partner in its evolution."