The Coca-Cola Company and Monster Beverage Corporation have closed on the previously announced agreement which gives Coca-Cola a minority ownership in the popular energy drink company.
Coca-Cola sent $2.15 billion in cash and ownership of its worldwide energy business—including NOS, Full Throttle, Burn, Mother, BU, Gladiator, Samurai, Nalu, BPM, Play and Power Play—to Monster in exchange for 16.7 percent stake in the company and Monster’s non-energy business such as Hansen’s Natural Sodas, Peace Tea and Hubert’s Lemonade.