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Shots All Around: Bacardi Buys Patrón

Shots anyone? Well, there's a new partnership in the works and the rum and tequila is booming. Bacardi Limited, which owns the rum brand and hundreds of other spirits, says it will acquire the Patrón tequila company for $5.1 billion. That deal is expected to close in the first half of this year.

This new deal means that Bacardi will add the tequila label to its 200 brands, which include Bacardi rum, Grey Goose vodka, Dewar's scotch whiskey and Bombay Sapphire gin.