Coke buys remaining stake of Kobe Bryant-backed sports drink BodyArmor for $5.6B - NewsBreak

Coca-Cola Co. is making a multibillion-dollar bet on the sports drink brand BodyArmor as part of a larger push to diversify its offerings. Coke said Monday it paid $5.6 billion for the remaining 85% of BodyArmor. Coke originally bought a 15% stake in the BodyArmor in 2018. Coke confirmed...