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.