George Clooney's third baby is a new business venture with alcohol corporation Diageo! Diageo is a multinational alcoholic and beverage corporation that loves Clooney's tequila brand Casamigos. On Wednesday, the corporation announced their $1 billion deal with Casamigos and plans to finalize their plans in the second half of this year. Diageo is considered a beverage giant, owning brands like Don Julio, Smirnoff, Captain Morgan, Johnnie Walker, and Guinness. Clooney reflected on his brand, which started in 2013 with entrepreneur Rande Gerber and real estate developer Mile Meldman: “If you asked us four years ago if we had a billion dollar company, I don’t think we would have said yes. This reflects Diageo’s belief in our company and our belief in Diageo. But we’re not going anywhere. We’ll still be very much a part of Casamigos. Starting with a shot tonight. Maybe two."