SABMiller has confirmed that a merger between itself and Belgian beer maker Anheuser-Busch might occur in the near future, according to CNBC.
SABMiller is the second largest beer seller in the world and saw sales in London rising 23 percent. AB InBev (Anheuser-Busch) also saw its stock rise 7.4 percent, according to CNBC.
If the two companies joined forces, the more than $100 billion merger would have the world's two largest beer makers dominating the market, according to the New York Times. If the deal is accepted, beers like Budweiser, Corona, Stella Artois, Miller Lite, Peroni and Grolsch would all belong to the same beer family.
The combined revenue would exceed $69 billion per year and overtake 30 percent of worldwide beer sales, according to the New York Times.
Producing one third of the world's beer, the new Anheuser-Busch InBev company would be practically unstoppable. However, there is no word yet on whether or not SABMiller would accept the deal proposed by Anheuser-Busch, according to the BBC.
In fact, there is technically no offer on the table, according to the New York Times. The Belgian beer maker has until Oct. 14 to offer a deal, according to British law. A press release on Wednesday confirmed that SABMiller had been approached by the company but that AB InBev would continue to work with SABMiller's board of directors "toward a recommended transaction," according to the New York Times.
