BrandArena: Coca-Cola nears deal to buy majority stake in BodyArmor

Sunday, 31 October 2021

Coca-Cola nears deal to buy majority stake in BodyArmor

Coca-Cola is close to completing a deal to buy a majority stake in BodyArmor, which would value the sports drink firm at $8 billion, according to Bloomberg. The transaction could be revealed in the coming weeks, according to the news service.

Coca-Cola became the second-largest shareholder in BodyArmor in 2018, behind co-founder Mike Repole. Repole was also a co-founder of Glaceau, a vitamin water company that Coca-Cola bought for $4.1 billion in 2007.

In 2013, the late Kobe Bryant became BodyArmor's third-largest shareholder and went on to create and direct advertisements for the company. As of 2018, Bryant's initial $6 million investment was worth $200 million.

Mookie Betts, Naomi Osaka, Dustin Johnson, Megan Rapinoe, James Harden, Mike Trout, and Sabrina Ionescu are among BodyArmor's athlete endorsers. It also has sponsorship ties with Major League Soccer, the Ultimate Fighting Championship, and the US Open tennis tournament.

1 comment:

  1. Cyberspaceshield is a company with group of certified hacker, who are always ready to assist you with all your cyber problems.

    We’ve been in existence for ages now, we are reliable and helpful in terms of cyber bullying.

    We can help you get all your cyber threats and bullies solved in less than what you can ever imagine.

    These are somethings we specializes on:

    ➡️ Phone hacks/cloning

    ➡️ Credit scores Repair

    ➡️ Social media Hacks (Facebook, Instagram, tik tok).

    ➡️ Binary options

    ➡️ Binary Recovery

    ➡️ Clear criminal records etc.

    The internet is full of scammers, that’s why we’re here to help you fight them out.

    If you’ve been a victim of scam, don’t hesitate to write us on


    Thank you!!!