Hmm...🤔
Despite a challenging year for Bud Light, the parent company has a glimmer of hope in the form of nearly a $100 million bet from none other than Bill Gates, CNN reported. The Bill and Melinda Gates Foundation Trust recently acquired 1.7 million shares of Anheuser-Busch, as reported in a regulatory filing. This move signals Gates’ confidence in the beer company, which has been struggling with a significant sales decline for one of its flagship beer brands. The charitable foundation based in Seattle is reportedly managing assets valued at $69 billion. In February, Gates acquired a 3.76% stake in Heineken Holding NV by purchasing 10.8 million shares of the Dutch beverage giant, valued at approximately $939.87 million at the time of the acquisition.
