Oprah Winfrey Gets Stake in Discovery as Company Takes 95 Percent of OWN
Oprah Winfrey has opted to take a stake of $35 million-plus in Discovery as part of a deal that boosts the factual content giant’s holding in OWN, a joint venture with Winfrey’s Harpo, …
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In the Release Oprah has shares in Discovery as part of Discovery Inc getting ownership of OWN.
The conglomerate, led by David Zaslav, now holds 95 percent of OWN, with Winfrey opting to receive a $35 million-plus stake.
Oprah Winfrey has taken a stake of $35 million-plus in Discovery Inc. as part of a deal that boosts the factual content giant's holding in OWN, a joint venture with Winfrey's Harpo, sources tell The Hollywood Reporter.