Diageo (DEO) reportedly held talks earlier this year with Japanese peer Suntory about joining up...

|About: Diageo plc (DEO)|By:, SA News Editor

Diageo (DEO) reportedly held talks earlier this year with Japanese peer Suntory about joining up to buy bourbon whiskey producer Beam (BEAM) for over $10B. With talks stalling, both companies have held discussions with other potential partners. A bid for Beam, whose market cap is $9.5B, would mark a departure by Diageo from its strategy of acquiring spirits brands in fast-growing emerging markets.