The beer giants of the world are coming for the little guys. Heineken bought a 50 percent stake in leading craft brewer Lagunitas on Tuesday, Reuters reports. The deal's details are not public, but The Santa Rosa Press-Democrat reports the nation's sixth-largest craft brewery was likely valued at $1 billion.
Lagunitas Brewing Company founder Tony Magee hailed the deal as "a profound victory for American craft," and an effort to introduce more people globally to his beer.
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