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 Financial Times is reporting that Nestle is paying up to $500 million at a valuation north of $700 million, which we understand is in th

Source: Nestlé acquires a majority stake in Blue Bottle Coffee at a valuation north of $700M | TechCrunch

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