50 Cent's Glaceau was acquired by the Coca-Cola Company by May 25th for $4.1 billion dollars.
- May 26, 2007
AceShowbiz -
50 Cent has his bank account increases now that Coca Cola has bought Glaceau, the makers of the popular brand Vitaminwater, for $4.1 billion in cash.
The rapper invested in Glaceau in 2004 and owns 10% of the company, who in turn, put out the grape flavored water and called it "Formula 50."
With Coca Cola acquiring Glaceau by May 25th, 50 Cent stands to make a roughly $400 million, which is his 10% of his ownership in the company. Glaceau, whereas, will operate as separate business unit within Coca-Cola North America (CCNA), allowing the company to continue to grow and marketplace, while taking advantage of Coca-Cola's marketing, management and distribution resources globally.
In the meantime, 50 Cent's upcoming album "Curtis" may be pushed back until September 4th.
