Tag Archives: $1bn

George Clooney sells his tequila company for up to $1bn

A tequila company co-founded by George Clooney has been sold to UK drinks firm Diageo for up to $1bn (£790m). The company behind Smirnoff, Johnnie Walker and Baileys announced it would buy Casamigos, created four years ago by the American actor, together with Cindy Crawford’s husband Rande Gerber and property developer Mike Meldman. Diageosaid it was the fastest-growing… Read More »

HP buys Samsung’s $1bn printer business

US computer giant HP has struck a deal to take over Samsung’s $1bn (£750m) printer business. HP said the acquisition would help it to “disrupt and reinvent” the $55bn copier industry, a segment that “hasn’t innovated in decades”. It is buying a big printing presence in Asia, as well as Samsung’s laser printing technology and patents. The deal… Read More »