NEW YORK (TheStreet) -- Shares of Anheuser-Busch InBev (BUD) are up 3.07% to $114.36 in pre-market trading after it was reported that the company is talking to banks about financing what could be an approximate $122 billion deal to buy global beer rival SAB Miller (SBMRY) , sources told the Wall Street Journal.
A merger between the world's two largest brewing companies has been rumored for years, but a revival in global merger activity this year has sparked renewed speculation about a deal, the Journal said.
AB InBev isn't in active discussions with SABMiller, the sources said, explaining the company is waiting to line up its financing before making a formal approach, according to the Journal.
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