Diageo (DEO) is in talks to buy a minority stake in Jose Cuervo, the world's leading tequila...

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

Diageo (DEO) is in talks to buy a minority stake in Jose Cuervo, the world's leading tequila brand with an estimated value of $3B+, Reuters reports. The aim of Diageo CEO Paul Walsh is to gain control, and he's conditioning the renewal of a distribution deal in mid-2013 on Diageo being able to buy a stake.