In a significant development, energy drinks giant Red Bull has successfully acquired a controlling stake of 51% in the German WorldTour cycling team Bora-Hansgrohe. The acquisition was revealed through a notice published on Austria’s Federal Competition Authority, categorized as a “planned purchase process.” The notice specifies that Red Bull has made an “indirect acquisition of…
In a stunning display of dominance, Max Verstappen of Red Bull Racing secured his team a record 12th consecutive win at the Hungarian Grand Prix on Sunday. The Dutchman’s triumph further solidified Red Bull’s position at the top, as they have now won every race this season, a total of 11 victories. Their remarkable streak…
Red Bull co-owner Dietrich Mateschitz, a major global business figure as a result of his energy drinks empire, has died aged 78. As reported by BBC, Mateschitz was the driving force behind the establishment of what became the global market leader in energy drinks. He used the fortune created by that to set up a…
