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There’s a global beer behemoth in the works. Anheuser-Busch InBev, the world’s largest beer maker by volume, is preparing itself to offer as much as $125 billion for SABMiller, which sells Castle, Miller, Peroni and Foster’s. The beer giant is currently discussing the financing of the deal with banks, according to reports by The Wall Street Journal. A merger between the two would create one company that controls nearly a third of the world’s beer supply.

Anheuser-Busch Inbev brews a number of the world’s most famous beer brands, including Bud Light, which accounts for one in every five beers sold in the United States; Corona, which it sells nearly 2 billion liters of each year; Stella Artois; and Modelo.

SABMiller sells many familiar brands, including Castle Beer, Miller Lite and Miller Genuine Draft, but also a handful of highly successful localized beers.

Speculation of a deal between the world’s two largest beer companies is nothing new — the two have been rumored to be discussing such a deal in the past, and industry analysts have long fantasized what a joint company would look like. But there are many indications that this time the merger might actually happen.

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