Is AB InBev looking to buy competitor buy SABMiller?

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ST. LOUIS, MO (KTVI)-Is big beer about to get even bigger? There are new reports today that AB InBev is about to make an official push to buy its closest competitor, SABMiller.

It wasn’t long after InBev bought Anheuser-Busch in 2008 that talk of the next big deal was already brewing. That bubbled up again Monday with a Wall Street Journal story citing people close to the deal.

The report says AB InBev is actively talking to banks about lining up financing for a deal that’s rumored to be more than $122 billion, dwarfing the $52 billion InBev paid for Anheuser-Busch six years ago.

While no one from AB InBev or SABMiller is commenting on the story or potential deal. Beer insiders give it more weight after Heineken rejected a buyout deal by SABMiller, leaving SABmiller vulnerable for a possible takeover itself.

If a deal between AB InBev and SABmiller happens, and at this point that’s still a big if, the combined company would control 30 percent of the global beer market with hundreds of brands including Budweiser, Miller, Coors, Blue Moon, Goose Island, and an array of international beers from around the world.

There could be some regulatory and antitrust issues in the U.S. that a combined AB InBev and SABMiller would have to sort out if and when a deal actually comes together.