Nestlé acquires a majority stake in Blue Bottle Coffee at a valuation north of $700M
Blue Bottle Coffee, one of Silicon Valley’s favorite coffee projects, is selling a majority stake to Nestlé in a big semi-acquisition this morning that’s no doubt going to validate a lot of interest in the potential of coffee markets.
Nestlé is acquiring a 68% stake in the company, and it t looks like the leadership of the company isn’t changing as part of this deal. The… Read More
Source: New feed