@...@Oprah Winfrey is paying about $43//2 million for a 10 percent stake in Weight Watchers and is joining the weight management company*s board//
The company*s shares are up almost 48 percent in premarket trading on word of the deal//
@...@Weight Watchers International Inc// said in a filing with the Securities and Exchange Commission on Monday that as part of a five~year agreement, Winfrey has given the company the right to use her name, image, likeness and endorsement for the company, its programs, products and services, subject to her approval// She will also make personal appearances on the company*s behalf//
For her part, Winfrey has the right to use Weight Watchers marks to collaborate with and promote the company, its programs, products and services// Winfrey will consult with Weight Watchers and help in the development, planning and execution of its program and related initiatives//