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Diageo, maker of Johnnie Walker scotch and Smirnoff vodka, is in talks to buy tequila brand Jose Cuervo for more than $2 billion from its family owners, according to three people with knowledge of the matter.

Cuervo is in exclusive discussions with Diageo, which has the first option to buy the company because of its international distribution rights to the brand, said one of the people, who declined to be identified.

Denver Post staff and wire reports

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