agreed

In 2013, Clooney reportedly invested $600,000 in Casamigos; Diageo agreed to buy it for $1 billion in 2017, with his upfront share at $233 million

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With the founders holding equal stakes, George Clooney’s estimated gross share of Casamigos’ $700 million upfront sale price was about $233 million. A fully paid earn-out could add another $100 million before taxes. His final proceeds depended on taxes and the deal’s performance conditions. (AP Photo/Scott A Garfitt)

Four years after three friends decided to produce their own tequila for personal consumption, international beverage company Diageo agreed to acquire their brand for up to $1 billion. Announced in June 2017, the deal described Casamigos as “America’s fastest-growing super-premium tequila.” Under the agreement outlined in Diageo’s official announcement, the company would pay $700 million … Read more

A Florida owner planned 52 ten-acre homesites across his 625-acre cattle ranch if the county would not buy it; after two years of talks, officials agreed to pay $7.8 million and stop the development

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A Florida owner planned 52 ten-acre homesites across his 625-acre cattle ranch if the county would not buy it; after two years of talks, officials agreed to pay $7.8 million and stop the development

Representative Image (AI-generated) A 625-acre cattle ranch in Collier County, Florida, is set to take a different path after county officials agreed to move forward with its acquisition rather than see the property move towards a large-lot residential development. According to Gulfshore Business, the county agreed to pursue the property for about $7.8 million following … Read more

A New Jersey town agreed to spend $13.4 million to preserve about 50 acres once eyed for dense housing; the first 17 acres have now become public land

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A New Jersey town agreed to spend $13.4 million to preserve about 50 acres once eyed for dense housing; the first 17 acres have now become public land

Denville Township in Morris County, New Jersey, has completed the purchase of a 17-acre parcel, beginning a $13.4 million land preservation project that will permanently protect about 50 acres that had once been considered for dense housing development. The first deal secures land at the corner of Diamond Spring Road and Pocono Road, one of … Read more