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World's Biggest Brewer Acquires Another Company

Published June 29, 2012 at 3:00 AM CDT

RENEE MONTAGNE, HOST:

NPR's business news starts with a new owner for Modelo.

(SOUNDBITE OF MUSIC)

MONTAGNE: The world's biggest brewer, Anheuser-Busch InBev, announced today it's becoming bigger. The Belgian company says it's buying the rest of the Mexican brewer known for the beer, Corona. InBev had already owned a non-controlling stake and is paying more than $20 billion for full control. Analysts say the buy will help InBev move into new markets. Transcript provided by NPR, Copyright NPR.