Bacardi to buy tequila maker PatrÃ³n in $5-billion deal
The world's largest private spirits business, Bacardi, has said it will buy tequila maker PatrÃ³n in a $5.1 billion deal. Bacardi, which makes Grey Goose Vodka and Bacardi Rum, already owns 30% of PatrÃ³n as part of a 2008 deal. PatrÃ³n Co-founder John Paul DeJoria, estimated to be worth $3.4 billion, will sell his 70% stake in the company. 