【1981 Archives】

One of Hollywood's wealthiest men just got hundreds of millions of dollars richer.

George Clooney has decided to sell his tequila company Casamigos to Diageo for as much as $1 billion981 Archives the company said Wednesday.

SEE ALSO: George Clooney sells tequila with the help of drunken young hipsters

The transaction, which is expected to close in the second half of 2017, will see Diageo initially pay $700 million for Casamigos, possibly paying as much as $300 million morebased on the brand's performance over the next ten years.

Mashable Top Stories Stay connected with the hottest stories of the day and the latest entertainment news. Sign up for Mashable's Top Stories newsletter By clicking Sign Me Up, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy. Thanks for signing up!

Via Giphy

Remember Casamigos? The tequila company marketed to hipsters in a grainy, Instagram-able ad campaign in 2015? Clooney said in an email to CNBCthat if you had asked him if he thought he'd have a billion-dollar company when Casamigos (which roughly translates to "house of friends") launched four years ago, he would not have said yes.

Can't say we would have said yes either. However, if you're a fan of Clooney's influence on the brand, don't fret -- both he and his two co-owners will be staying on after the company's acquisition.

"We're not going anywhere," Clooney said. "We'll still be very much a part of Casamigos. Starting with a shot tonight. Maybe two."

Honestly, we need one too.

---

Featured Video For You

---

Canada is recalling this batch of gin while the US is probably asking for more

---

Topics Celebrities

• Science
• Tech
• Life
• Deals
• Games
• Digital Culture
• Entertainment
• Shopping

• Small Man in a Memory Hole
• 'Andor' season 2 finale, explained
• Shop the Roku Smart TV for $150 off at Amazon
• Espanyol vs. Barcelona 2025 livestream: Watch La Liga for free
• The Complacent Intellectual Class
• Apple Maps now makes it easier to find fancy restaurants
• Best free AI courses in May 2025
• Watch how an old Venus spacecraft tumbled before crashing to Earth
• Echoes of 1968
• Save 55% on the Anker 525 charging station

• TPR vs. n+1: Vindication by Cody Wiewandt
• Trump left a note for Biden in the White House and the memes write themselves
• Book and Cheese Pairings by Sadie Stein
• Object Lessons: A Conversation with Christian Patterson by Rebecca Bengal
• English as a Strange Language: Slim John by Mark Asch
• Bernie Sanders at the inauguration becomes painfully relatable meme
• From the Notebooks of Jorge Luis Borges
• The Bible Sizzles, and Other News by Sadie Stein
• It's finally time to unfollow the Trumps on every platform
• Giant Mr. Darcy Terrorizes London, and Other News

• I’m just a boy, standing in front a girl, telling her she has a huge ass.
• Best JBL deal: Save $10 on JBL Go 4 at Amazon
• How to unblock Pornhub for free in North Carolina
• HBO Max is brutally roasting itself on X
• Camping Trip
• Coinbase confirms data breach with hackers demanding $20 million ransom
• 'Andor' season 2 finale, explained
• Is TikTok down? [May 2025]
• The Ovid of Loserdom
• Apple's new CarPlay Ultra detailed on video

• Why Trump Is an Effective Negotiator
• Lego Classic Creative Brick Box: $17.99 at Amazon
• Wordle today: The answer and hints for May 15, 2025
• HBO Max is brutally roasting itself on X
• Downward-Facing Capitalist Dogma
• JetBlue "Book It Before It's Hot" sale: Cheap flights for as low as $59 each way
• Lego free Ninjago: How to get free Lego Ninjago Thunderfang
• Best keyboard deals: Save on Asus gaming keyboards at Amazon
• The Right to Radiance
• Apple finally rolls out CarPlay Ultra — with a catch