Alert, Diageo Buying Casamigos for up to $1 Billion

Now that he's a father, George Clooney is getting out of the Tequila ownership business--twins don't pay for themselves, you know. Diageo is set to acquire his Casamigos tequila brand for a whopping $1 billion. (Not bad for a four-year-old company.) Casamigos will initially be paid $700 million, with another $300 million to be tacked on when/if it meets performances goals over the next 10 years. The purchase strengthens Diageo's position in the high-end tequila category, per a release.Casamigos was