Biggest Beer Deal

Companies around the world spent a record $5.04 trillion on acquisitions in 2015, according to Dealogic, as slow worldwide economic growth and low interest rates pushed companies to combine forces.

After weeks of public grandstanding and private haggling, the biggest consumer-products takeover in history was ultimately decided by a handful of men in a tiny brick house on a one-lane street in London.

The world's biggest brewer Anheuser-Busch InBev toasted Tuesday a $122-billion deal to swallow British rival SABMiller, targeting Africa and China and aiming to serve one in three beers globally.

British brewer SABMiller announced on Tuesday it had agreed a takeover by Anheuser-Busch InBev, the world's biggest beer producer, in a deal worth about $109 billion (71 billion pounds or 96 billion euros).

Companies around the world spent a record $5.04 trillion on acquisitions in 2015, according to Dealogic, as slow worldwide economic growth and low interest rates pushed companies to combine forces.

After weeks of public grandstanding and private haggling, the biggest consumer-products takeover in history was ultimately decided by a handful of men in a tiny brick house on a one-lane street in London.

The world's biggest brewer Anheuser-Busch InBev toasted Tuesday a $122-billion deal to swallow British rival SABMiller, targeting Africa and China and aiming to serve one in three beers globally.

British brewer SABMiller announced on Tuesday it had agreed a takeover by Anheuser-Busch InBev, the world's biggest beer producer, in a deal worth about $109 billion (71 billion pounds or 96 billion euros).