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Do you prefer a Corona Extra over a good ol’ Bud? Soon those two very different beers could be brethren under the giant umbrella of Anheuser-Busch InBev, as the company is reportedly close to buying the half of Grupo Modelo it doesn’t own already. One big beery family.
DealBook cites people briefed on the situation, who say the deal might cost Anheuser-Busch InBev more than $12 billion. Talks might still peter out, as the relationship between the two beer makers is less than perfect.
Modelo is controlled by descendants of the company’s founders, while InBev took over Aneheuser-Busch in 2008, acquiring the company’s 50% non-controlling stake in Modelo at that time. Back then, Modelo took its new parents to court claiming that the deal had violated its pact with the Budweiser maker. An arbitrator later ruled in favor of Anheuser-Busch InBev.
Though negotiations this time around have at times been rough, with issues like price and antitrust clearance, a deal would combine Modelo’s beers with the world’s biggest brewer and its huge stable of brands like Budweiser and Stella Artois.
This would be just the latest smushing of big companies in the beverage industry recently, and only the second-biggest takeover by Anheuser-Busch InBev.
Anheuser-Busch InBev Is Said to Be Near a Deal for Grupo Modelo [DealBook]
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Except for, y’know, the fact that Anheuser-Busch is only Anheuser-Busch In Name Only.
Yup. It was a sad sad day when they sold out. I’m a Sam Adams guy now as a result.
I’m still waiting for that Coors Light Iced Tea (still love that acronym) I heard tell about. What’s up with that?
None of the guys that work there can find it.
Zing!
Well done, Indeed.
Nice.
Though negotiations this time around have at times been rough, with issues like price and antitrust clearance, a deal would combine…
As long as they keep absorbing breweries that make beer that tastes roughly the same anyway, I welcome our InBev overlords.
Doesn’t matter, both Bud and Corona suck O_o
Corona: one of the few beers that makes Bud taste good by comparison.
why do all these mergers remind me of “rollerball”(original, with james caan, and even read the shrot story it came from)..
Soon there will be 6 corps….
There already are, except that its 4, not 6. http://www.forbes.com/sites/brendancoffey/2011/10/26/the-four-companies-that-control-the-147-companies-that-own-everything/
well, was just thinking along those lines, forgot about that article
My beloved Negra Modelo. What will become of you?
The more you tighten your grip InBev, the more beer drinkers will slip through your grasp.
If you want real beer, microbrews are the way to go. There’s even a few growler (draft beer sold in reusable bottles) places opening where I live. Woo hoo!
Didn’t the banks try to get bigger and bigger and say it was
for the customer’s benefit? Yea, that didn’t work out so well.
Too big to brew?
I’m going back to swilling Old Style.
I’d be worried about this development, however, as I am the Beer Baron and not the Beer-Colored-Water Baron, I will continue on with business as usual.
lulz
Shitty beer company bought out by another shitty beer company. Twice the shitty beer that I will not consume.
WOOHOO! Now I can get horse piss and donkey piss from the same company!
Shiner Bock, a reason to be in Texas, if they don’t serve it too cold.
Crappy beer co. buying Mexican crappy beer co. Do not care.