CNBC: Coca-Cola Buys Full Control of Bodyarmor for $5.6 Billion in its Largest-Ever Brand Acquisition

From CNBC:

Coca-Cola bought a 15 percent stake in Bodyarmor in 2018, becoming its second-largest shareholder. At the time, basketball legend Kobe Bryant was its third-largest shareholder after investing in Bodyarmor in 2013, just two years after its founding. The estate of the late NBA star will receive roughly $400 million from the sale, according to The Wall Street Journal. Read more from CNBC here.

This article was submitted by Madeleine Vala, Scopelitis Garvin Light Hanson & Feary PC. If you would like to submit content or write an article for the Sports & Entertainment Law Section, please email Kara Sikorski at ksikorski@indybar.org.

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