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Announced

Anheuser-Busch InBev acquires Babe Wine.

Synopsis

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.

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