Actor George Clooney sells his tequila brand for $1 billion

Veteran American star George Clooney on Wednesday sold his tequila brand Casamigos, which he Co-founded with businessmen Rande Gerber and Mike Meldman, for $1 billion to British alcoholic beverages company Diageo. Reportedly, this purchase will be Diageo's biggest since its $3.2 billion acquisition of absconding Indian liquor baron Vijay Mallya’s United Spirits in 2014. Notably, Clooney along with his partners created Casamigos in 2013.

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