ATLANTA, Aug. 15 (UPI) -- Coca-Cola bought a 17 percent stake in energy drink maker Monster Beverage for $2.15 billion Thursday in an attempt to boost its sagging sales.
The cola giant has seen its soda sales slow down for the third straight year, with the company missing its targets last year. Acquiring Monster will give Coca-Cola access to the largest player in the energy drink sector, helping it offset losses it's seeing with its own beverages.