AUSTIN (ABJ) — Anheuser-Busch announced that it plans to acquire a majority stake in Austin-based BeatBox, potentially leading to full ownership.
Anheuser-Busch, manufacturer of Michelob Ultra, Busch Light, Budweiser and more, announced its acquisition plans on Dec. 5. The beverage maker is acquiring an 85% stake in BeatBox, for a purchase price of up to $490 million with a path to 100% ownership after five years, based on a predetermined pricing formula, according to Anheuser-Busch.
The deal is expected to close in the first quarter of 2026. The transaction is subject to regulatory approval and customary closing conditions…