Oprah acquires 10% of Weight Watchers, sending stock soaring

October 19, 2015 12:21 PM

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Billionaire media mogul Oprah Winfrey has acquired a 10% stake in Weight Watchers International, sending the dieting company's stock soaring Monday.

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

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