George Clooney Is Selling His Tequila Business for $1 Billion

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AP

George Clooney is selling his tequila company Casamigos to Diageo for $1 billion, a source familiar with the situation told CNBC.

Clooney, Rande Gerber and Michael Meldman, who own Casamigos together, are expected to stay with the company after its acquisition.

"If you asked us four years ago if we had a billion dollar company, I don't think we would have said yes," Clooney told CNBC via email.

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