OPRAH SELLS MAJORITY OF OWN FOR $36M

On Tuesday, Oprah Winfrey sold most of her Oprah Winfrey Network (OWN) shares to Discovery Inc. for more than $36 million in stock. According to Bloomberg, the deal increases Discovery’s stake in OWN to 95%, but Winfrey will hold on to her CEO and chief creative officer positions. Discovery Plus launches next month, and the content of OWN is expected to be part of the new streaming service.

Yahoo

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