Owning Bodyarmor helps Coke gain market share in the sports drink category, although PepsiCo's Gatorade is far and away the market leader with roughly 70% market share.In this article
The beverage giant bought a 15% 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. Bryant's estate will receive more than $400 million from the sale,The deal for the remaining 85% of Bodyarmor isn't entirely unexpected.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Invest in the best and forget the rest. Coke Cola has been a solid company for over 50 years being one of the best dividend kings around. Coachingfire
pepsi pepsi...no coke