Anheuser-Busch InBev acquires Babe Wine.

Anheuser-Busch InBev, the world's biggest brewer acquires Babe Wine, which was co-founded by Instagram influencer Josh Ostrovsky, known by his handle “The Fat Jewish.” Financial terms were not disclosed. With Babe, Anheuser-Busch is acquiring a brand that resonates with younger consumers on social media. The beermaker is betting it can drive sales with increased distribution in a category with a dearth of name brands.