Bacardi is reportedly buying Patrón in a deal valued at $5 billion

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January 22, 2018 8:56 PM

Liquor conglomerate Bacardi has agreed to buy Patrón in a deal valuing the tequila maker at $5.1 billion, according to a report by The Wall Street Journal.

Liquor conglomerate Bacardi has agreed to buy Patrón in a deal valuing the tequila maker at $5.1 billion, according to a
Bacardi previously owned 30% of Patrón Spirits International, according to WSJ.
Patrón makes about $1.6 billion in revenue from its namesake tequila as well as a
The deal comes a little more than six months after premium-tequila competitor Casamigos, which was cofounded by George Clooney,
Bacardi, which also owns Grey Goose vodka and Dewar's scotch, would become the 2nd-largest liquor company in the world if the deal goes through, up from fifth, according to the WSJ.