Craft Beer Launches Campaign to Acquire $200 Billion Industry Giant
Craft brewers aren't going to sit around and cry in their beers about Anheuser-Busch InBev (NYSE: BUD) "diluting" their niche with multiple acquisitions. After watching the megabrewer buy out 10 different craft breweries, they've decided to turn the tables and launch a crowdfunding campaign to raise over $200 billion to purchase the King of Beer.
It's a humorous effort, if not hopeless, given how difficult it would be raising hundreds of billions of dollars from individual investors. As the Take Back Craft website notes, it'll require every man, woman, and child in the U.S. contributing over $653 to reach the goal, or just under $29 if everyone in the world contributed. As of this writing, only $2.7 million has been pledged by more than 8,500 contributors.
Source: Fool.com
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