As a consumer, figuring out who owns your favorite beer—even so-called ‘craft beers'—is murky task, at best.
And according to an Associated Press report Tuesday, the number of players in that landscape is about to shrink in a major way: The two largest brewers in the world have agreed in principle to the terms of a merger. Last month, Anheuser-Busch InBev (the brewer of Budweiser and Stella Artois, among others) approached SABMiller (brewer of Peroni, Miller, Grolsch, Blue Moon and Fosters) with a takeover offer. After some back-and-forth, AB InBev won over its rival SAB with a fresh proposal of $104.2 billion.
Although the deal still has to be signed, barring something completely unexpected, this will mean that soon one-third of the world’s beer will produced by a single company.
AB InBev is no stranger to acquisitions, and this likely won’t be its last. Craft beer companies including Goose Island, Blue Point, Elysian, and Los Angeles’ Golden Road have all been purchased by AB InBev already.