Anheuser-Busch To Buy Goose Island Brewery

On Monday, Anheuser-Busch InBev announced it's buying Chicago craft beer maker Goose Island for $29 million. Goose Island makes 312 beer, a favorite of Barack Obama.

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RENEE MONTAGNE, host:

And today's last word in business is crafty move.

Yesterday, Anheuser-Busch said it's buying Chicago craft beer maker, Goose Island, for $39 million. Goose Island makes 312 beer, and that's a favorite of Barack Obama. Sales of these more expensive and more sophisticated craft beers are a tiny drop in the bucket compared to mass market beer sales, but they're growing much faster than mainstream beers. So Anheuser-Busch clearly wants a taste of that.

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MONTAGNE: And that's business news on MORNING EDITION, from NPR News. I'm Renee Montagne.

STEVE INSKEEP, host:

And I'm Steve Inskeep.

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