Tuesday, May 29, 2007

50 Cent nets $400m from Coca-Cola deal

KNN News

Rapper 50 Cent is going straight to the bank - he's reportedly received a massive $400m (€296m) paycheque after The Coca-Cola Company bought the firm behind his energy drink Formula 50 last week.

Drinks makers Glaceau, which produces the Vitamin Water range inspired by the Candy Shop star, was acquired by The Coca-Cola Company for $4.1bn (€3bn) last Friday.

And as 50 Cent - real name Curtis Jackson - owns a 10% share of Glaceau, he also made a huge profit from the takeover, according to AllHipHop.com. See: 50 Cent nets $400m from Coca-Cola deal

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