Retail News

Coke makes $5.6B deal to acquire sports drink brand

TheStreet 11/01/2021

Coca-Cola plans to pay $5.6 billion acquire the 70 percent of BodyArmor that it doesn’t already own. The sports drink brand has the backing of professional athletes, including James Harden, Mike Trout, Mookie Betts, Kyler Murray and the late Kobe Bryant. The brand is expected to be valued at $8 billion once the deal is complete.

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