i can be lacubrious with you (daizyglow) wrote in ohnotheydidnt,
i can be lacubrious with you
daizyglow
ohnotheydidnt

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?
Subscribe

  • Post a new comment

    Error

    Comments allowed for members only

    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

  • 256 comments
Previous
← Ctrl ← Alt
Next
Ctrl → Alt →
Previous
← Ctrl ← Alt
Next
Ctrl → Alt →