Monday, December 28, 2020

Oprah Sells Majority Stake in OWN

Back in 2011 Oprah Winfrey partnered with the Discovery Channel to launch the OWN Network [click here if you missed that]. 

Oprah just sold her majority stake in the company...

According to reports Oprah Winfrey sold her majority stake in the OWN Network to Discovery for $35 million in stock options.

Oprah's company Harpo Inc received 1.34 million shares in the deal increasing Discovery's ownership to 95%. Harpo Inc. has already filed to sell half of the shares. 

8 comments:

Anonymous said...

The way these celebrities are cashing in now outta tell you this shit is over.

Anonymous said...

You going to jail baby girl

Alma's Daughter said...

I hope Queen Sugar moves to Netflix or another streaming service.

Anonymous said...

Oprah is having a hard time keeping new programing. This coming season is Iyanla last show. She thought all them Yt folks was going to give her support in the beginning. Then she had to bring it on back home to us.

Anonymous said...

She sold them for stock options, pay attention folks!

Anonymous said...

6:01pm so what does that mean. I don't get it.

Anonymous said...

@6:18 it means she stands to make way over 35million for this sale currently the stock is 29.45 (they most likely gave her a discount about 26 per share) so now whenever the stock goes up from her purchase price, she gains X amount of money in profit.

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