Oprah Winfrey Sells Most of Her OWN Stake to Discovery for $35M
* Oprah Winfrey has sold most of her stake in OWN: Oprah Winfrey Network to Discovery Inc. in exchange for more than $35 million in the company’s stock. Winfrey’s company, Harpo Inc., filed to sell half of the 1.34 million shares received in the transaction, according to reports. Here’s more from Bloomberg: The deal boosts Discovery’s stake in OWN to 95%, according to a person with knowledge of the matter, an increase from more than 70% reported in 2017. The channel was co-founded by Discovery and the longtime talk show host in 2011 as a female-focused network, trading off of Winfr...