Anheuser-Busch in $52 billion buyout

Budweiser parent's sale to InBev would create the world's largest brewer.

ST. LOUIS (AP) -- Anheuser-Busch reportedly has agreed to be acquired by Belgian brewer InBev for about $52 billion.

The deal being reported by The Wall Street Journal would create the world's largest brewer and put the iconic American beer maker in the hands of the Belgian-based company behind Stella Artois and Beck's beers.

The newspaper cited anonymous sources who said Anheuser-Busch-InBev would be the new company's name and Anheuser would have two seats on the company board.

Anheuser-Busch (BUD, Fortune 500) did not return a message seeking comment Sunday evening.

The newspaper said the deal was for $70 a share. That's an increase over InBev's original offer that was rejected in June.