Coca Cola Buys 50 Cent's Glaceau for $4.1 Billion

May 26, 2007 01:59:58 GMT
by Peter Rooley


50 Cent has his bank account increases now that Coca Cola has bought Glaceau, the makers of the popular brand Vitaminwater, for $4.1 billion in cash.



The rapper invested in Glaceau in 2004 and owns of the company, who in turn, put out the grape flavored water and called it "Formula 50."

With Coca Cola acquiring Glaceau by May 25th, 50 Cent stands to make a roughly $400 million, which is his of his ownership in the company. Glaceau, whereas, will operate as separate business unit within Coca-Cola North America (CCNA), allowing the company to continue to grow and marketplace, while taking advantage of Coca-Cola's marketing, management and distribution resources globally.

In the meantime, 50 Cent's upcoming album "Curtis" may be pushed back until September 4th.

Source.

Holy shit, $400 million?