Diageo to buy Clooney's tequila brand in $1 billion deal

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http://img-s-msn-com.akamaized.net/tenant/amp/entityid/BBD05jn.img?h=100&w=100&m=6&q=60&o=f&l=f&x=426&y=310NEW YORK - Global liquor behemoth Diageo said Wednesday it will pay up to $1 billion to buy a tequila brand co-founded by movie star George Clooney. Clooney founded the Casamigos brand four years ago with partners Rande Gerber and Mike Meldma. Diageo said it will pay $700 million for Casamigos at first, and then pay a**ther $300 million over 10 years if the brand reaches certain performance milestones. London-based Diageo's other brands include ...

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