Coca-Cola Just Spent $5.1 Billion On A Massive British Coffee Chain

According to Business Insider, Coca-Cola announced on Friday that it would buy British coffee-shop chain Costa Coffee for $5.1 billion. Analysts say the move is likely to have a major impact on Starbucks, especially as it looks to grow in China, a region that both coffee chains are looking to expand in to drive sales. With a US multinational company behind it, the UK-headquartered coffee chain could be on a path to explosive growth around the world.