George Clooney Agrees to Sell Tequila Brand to Diageo

George Clooney Agrees to Sell Tequila Brand to Diageo

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Business

University

Hard

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Diageo has agreed to acquire the Tequila brand Casamigos for up to $1 billion. Casamigos was co-founded by George Clooney, Rande Gerber, and Mike Meldman. Diageo, a $76 billion business, expects the transaction to be accretive after three years and to close in the second half of the year. The acquisition has caused a slight decrease in ADRs.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Who are the other co-founders of Casamigos alongside George Clooney?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

When is the transaction expected to close?

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