Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Diageo May Acquire Jose Cuervo for $3 Billion, Sunday Times Says

Aug. 19 (Bloomberg) -- Diageo Plc is close to agreeing on a deal to buy Jose Cuervo from Mexico’s Beckmann family for $3 billion, the Sunday Times reported, without saying where it got the information.

The deal may be announced as soon as Aug. 23 and will probably be funded at least in part with shares, the newspaper said. The sale may include separate agreements for the brand, the production facilities, and the land where the agave plant used in tequila is grown, it said.

Diageo spokeswoman Kirsty King declined to comment.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.