![]() I think he muted me after that,” Bodyarmor co-founder Mike Repole told CNBC’s Sara Eisen on “Squawk on the Street.” “But I wasn’t afraid to ask, so I’m going to try my best to get on the board. One legend says Hanlin Tea Room, a tea shop in Tainan, was the creator. “After I spoke to, I asked him if I could be chairman of the board. Boba, also known as bubble tea, is a popular Taiwanese drink that has become. But, there’s some question as to whether that will be the case now that the acquisition is complete. 1-48 of 405 results for 'body armor drinks' Results Check each product page for other buying options. Considering he founded Smartwater, it’s safe to say that he’d have some insight. The founder told CNBC that he would like to remain as a consultant with the beverage company. What’s not clear, though, is where the BodyArmor founders sit as a result of the deal. At the time, too, the late Kobe Bryant was the third-largest shareholder in the company, as well - and his investment was made just two years after the company was launched.Īccording to the outlet, Kobe Bryant’s estate is expected to receive $400 million as part of the deal made with Coca-Cola, which will ultimately buy out the late basketball star’s share in the company. Coca-Cola is paying 5.6 billion in cash for the remaining 85 of the company. They bought into the company back in 2018 in a deal that gave them 15 percent ownership in the company. In 2018, Coca-Cola initially acquired a 15 stake in BODYARMOR with a path to full ownership, based on a pre-determined discount. Created in 2011 by Mike Repole, BODYARMOR is packed with electrolytes, coconut water and antioxidants. What makes this full acquisition so notable is that Coca-Cola was once the sports drink’s second-largest shareholder. BODYARMOR is a premium, sports drink that provides superior hydration. ![]() Darth Vaders armor, also known as Darth Vaders suit. Gatorade currently has about 70 percent of the market share in sports drinks, which gives its parent company nearly full dominance over the market. It was designed to keep Vader alive after his body sustained irreparable damage. Reign Total Body Fuel helps athletes burn calories, accelerate metabolism, and improve recovery with zero sugar, zero artificial flavors, natural caffeine. ![]() The Coca-Cola Company is looking to position BodyArmor as the direct competition to Gatorade, which is owned by Pepsico. BodyArmor, a sports drink company that received an initial investment from the late Kobe Bryant, will be acquired for $5.6 billion by the Coca-Cola company.Īccording to CNBC, the acquisition will be the largest of its kind by the soft drink company, which will have full control of the brand. ![]()
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