Coca-Cola Buys Costa for £3.9 Billion Coffee Coup

Coca-Cola has made its first foray into the hot drinks market with the acquisition of high-street coffee chain Costa in a $5.1 billion deal.

The move marks a significant expansion for the beverage giant, which plans to use Costa as a 'strong coffee platform' to tap into growing demand for specialty coffee globally.

Coca-Cola is paying £3.9 billion for the UK-based chain, which has over 4,000 stores worldwide.