George Clooney, along with co-owners Rande Gerber and Michael Meldman, have sold their Casamigos tequila company to British alcoholic beverage company Diageo for $1 billion. Clooney had this to say to CNBC:
"If you asked us four years ago if we had a billion dollar company, I don't think we would have said yes. This reflects Diageo's belief in our company and our belief in Diageo. But we're not going anywhere. We'll still be very much a part of Casamigos. Starting with a shot tonight. Maybe two."
Clooney, Gerber, and Meldman are all expected to stay on with Casamigos after the buyout.
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