The insatiable beer monster known as Anheuser-Busch InBev may soon get even larger. According to the New York Times‘ DealBook, the company may soon attempt to complete its purchase of Mexican beer conglomerate Grupo Modelo, whose brands include Corona, Modelo, and Pacifico.
Anheuser-Busch InBev currently owns half of the Mexican company. Grupo Modelo is valued at approximately $23 billion, so the sale would probably be nearly $12 billion.
The sale is not a certain thing at the moment. In the past, the two companies have had a strained relationship. The companies must also get anti-trust clearances.
Anheuser-Busch InBev is currently the world’s largest beer company. The deal, if it goes through, will firmly solidify that status.
Grupo Modelo, this Bud’s coming for you.