Just spotted this on AllHipHop.com/Notes From A Different Kitchen...Queens, NY rapper 50 Cent may have good reason to brag on his new single "Straight to the Bank." Glacéau, makers of vitaminwater, was acquired by The Coca-Cola Company today (May 25) for $4.1 billion dollars in cash [emphasis added]. 50 Cent invested in Glacéau in 2004 and owns 10% of the company [emphasis added]. Sources told AllHipHop.com that Coca-Cola's purchase of Glacéau earned the rapper an estimated $400 million dollars. Glacéau markets and sells popular energy drinks named vitaminwater. The company markets and distributes a grape flavored energy drink inspired by 50 Cent named "Formula 50." "This is an outstanding opportunity for both of our companies to build an expanded active lifestyle business, first in the United States and then around the world," said Muhtar Kent, president and chief operating officer of The Coca-Cola Company.
Not a bad bit of business you'l probably agree.. I wonder how Camron will respond..?
Thursday, 31 May 2007
Straight To The Bank
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