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Coca-Cola's cash deal to buy sports drink BodyArmor has netted millions of dollars in profit for the beverage's early investors, including basketball legend Kobe Bryant. Coke announced its purchase Monday at exactly a. The BodyArmor move marks the largest single amount Coke has ever paid for a beverage brand. BodyArmor is the No. Powerade, which Coke also owns, is the No. Coke is based in Atlanta, but the company said BodyArmor will be housed out of a separate business operation in New York and overseen by BodyArmor co-founder Mike Repole. Repole said he started the drink a decade ago and now it has grown to employees. Bryant retired from basketball in after a year career with the Los Angeles Lakers. Bryant is regarded as one of the best players in basketball history. Soon after retirement, Bryant launched several businesses including a film production studio, a sports academy and a venture capital firm. Bryant and his year-old daughter, Gianna, were among nine people killed in a helicopter crash in Southern California in January Khristopher J. His reporting primarily focuses on the U. Brooks Khristopher J. More from CBS News. Should you buy in now? Here's how interest rates impact gold prices. Chrome Safari Continue. Be the first to know. Get browser notifications for breaking news, live events, and exclusive reporting.
Kobe Bryant estate reportedly gains $400 million in BodyArmor sale
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You did it! Always one step ahead,' she wrote next to photos of Bryant with bottles of BodyArmor. Featured Local Savings. More from CBS News. CVS workers strike at 7 Southern California stores for better pay and health care. Chrome Safari Continue. Be the first to know. Get browser notifications for breaking news, live events, and exclusive reporting.
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Coke buys remaining stake of Kobe Bryant-backed sports drink BodyArmor for $5.6B
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With Bodyarmor's Sale to Coca-Cola, Kobe Bryant's Estate Will See Estimated $400M
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