Beer Giants AB InBev And SABMiller Tentatively Become One

Anheuser-Busch InBev and SABMiller, the world's two largest beer companies, have struck a tentative merger agreement to the tune of $104 billion.
Posted at 8:39 AM, Oct 13, 2015

These two beers might not be competing for your fridge space for long. 

In the biggest beer merger in history, Anheuser-Busch InBev named a price Tuesday that SABMiller could live with: $104 billion. (Video via Anheuser-Busch InBev)

SABMiller is the maker of Miller and Coors, as well as beers well known in Latin America and Africa. Bloomberg's sources previously said the company rejected a recent $100 billion proposal, telling the outlet its executives and shareholders believed $110 billion was a fair deal. (Videos via SABMiller)

The agreement was reached just before a Wednesday deadline that, if missed, would have forced Anheuser-Busch InBev to wait another six months to call for a merger. (Video via Anheuser-Busch InBev)

The deal isn't set in stone just yet, though. 

Yes votes are still needed from SABMiller's two largest shareholders ––  Altria Group, the American tobacco corporation, and the Santo Domingos, a wealthy family from Colombia. 

Together, Anheuser-Busch InBev and SABMiller represent roughly one-third of beer sales across the world.

This means the deal will also likely encounter anti-trust scrutiny. Analysts told The New York Times SABMiller will likely have to break up the MillerCoors venture it formed with Molson Coors in 2008. (Video via SABMiller)

Which means even if Anheuser-Busch InBev gets the non-American brands from SABMiller it desires, Miller Lite, Coors Lite and Blue Moon may not become subjects of the "king of beers." (Videos via SABMiller)

This video includes images from Getty Images.