Spirits maker, Diageo, may acquire tequila brand Jose Cuervo, Reuters reports, citing The Sunday Times. Diageo, which already holds the distribution rights for Jose Cuervo, may make a $2 billion bid for the brand.

The Beckmann family, which owns Jose Cuervo, may have appointed Barclays to explore a possible sale of all or part of the tequila brand. Bacardi, Pernod Ricard and Brown-Forman may also be interested in Jose Cuervo.

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