Published by
AFP
AFP
Washington (AFP) – Coca-Cola is preparing to take full control of the sports drink group BodyArmor in a deal worth $5.6 billion, the Wall Street Journal reported Sunday. Coca-Cola already holds a 30 percent stake in the sports drink group. The buyout, which would value BodyArmor at about $8 billion, would see the soda giant buy the remaining 70 percent from BodyArmor’s founders and investors, as well as a group of professional athletes who have invested in the company. BodyArmor was backed at its founding in 2011 by basketball star Kobe Bryant, who died in a helicopter crash in early 2020 and …
