Diageo eyes Jose Cuervo for $2bn

Drinks maker Diageo is in talks to buy tequila brand Jose Cuervo for more than $2bn (£1.2bn). Cuervo is in exclusive talks with Diageo, which has the first option to buy the company because of its international distribution rights to the brand. Casa Cuervo, the maker of the world’s best-selling tequila brand, is renegotiating a distribution deal with Diageo, which could have led to the sale talks.