Popular Nigerian music star, Davido, has expressed delight in the colossal amount the family of late Kobe Bryant will be getting from Coca-Cola. Coke said on Monday, November 1, that it paid a whopping $5.6 billion (KSh 625 billion) for the outstanding 85 per cent stake in BodyArmor.
Coke originally bought a 15 per cent stake in the line of beverages in the year 2018. Coke announced its purchase to commemorate the two jersey numbers Bryant wore during his NBA tenure. The BodyArmor move marks the largest single amount Coke has ever paid for a beverage brand.
Coke bought Glaceau water for $4.1 billion (KSh 458 billion) in the year 2007 and paid $5.1 billion (KSh 569 billion) the following year for Costa Coffee. Bryant’s estate, which Forbes reported was worth up to $600 million (KSh 66 billion) at the time of his death and which widow Vanessa Bryant inherited control of,
will see a roughly $400 million (KSh 44 billion) payoff from the deal, the Wall Street Journal reports. Davido posted the report on his Instagram story and declared that: “Dead or alive still supporting the family, that’s what we really striving for.”