June 2 (Bloomberg) -- InBev NV, the world's largest brewer, is close to agreeing a $50 billion finance package with JPMorgan Chase & Co., Banco Santander SA and Merrill Lynch & Co. that would allow it to bid for Anheuser-Busch Cos., the maker of Budweiser beer, the Daily Telegraph reported, without saying where it obtained the information.

Once the financing is arranged, a formal offer may be sent to Anheuser-Busch within the week, the newspaper said.

InBev, which expressed interest in Anheuser-Busch last October, may have been persuaded into making a bid because Adolphus Busch IV, a half-brother of former chief executive officer August Busch III, said some family members may be open to takeover talks, the Telegraph reported.

To contact the reporter on this story: Chris Peterson in London at cpeterson@bloomberg.net

Last Updated: June 2, 2008 05:37 EDT