Thursday, September 6, 2007

Rapper 50 Cent Nets $400 million from the sale of Glaceau

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Hip Hop artist 50 cent, whose real name is Curtis Jackson, has reportedly received a $400 million paycheck after Coca-Cola purchased the company behind his energy drink Formula 50.

Glaceau, the company which produces Vitamin Water, was acquired in a $4.1 billion deal last Friday. 50 Cent became a shareholder in 2004 and had a 10% stake in the company when the deal was signed.

Another person profiting from the sale of Glaceau is New York Mets third basemen David Wright who had a 0.5% stake in the company (or $20 million based on the buyout price).



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[Source: Stock Market Blog.com]

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