Anheuser-Busch, the brewer behind America's iconic beers Budweiser and Bud Light, has agreed to sell to a Belgian beermaker. InBev SA offered a deal worth US$52 billion, which the board agreed to overnight.
InBev CEO Carlos Brito said: "This combination will create a stronger, more competitive global company with an unrivaled worldwide brand portfolio and distribution network, with great potential for growth all over the world."
The sale still has to be approved by Anheuser-Busch's shareholders and regulators. If it does go ahead, it will create the fourth-largest product company in the world.