Shares of Anheuser-Busch and the Belgian brewer InBev climbed sharply on Friday as the two began friendly talks to create the world’s largest brewer in a deal for about $50 billion.

Anheuser, the maker of Budweiser and a stalwart of American pop culture, agreed to talk with its unwanted suitor after InBev raised its offer to $70 a share in cash, from $65 a share, people briefed on the matter said. The two companies are expected to hold negotiations over the weekend, and a deal could be announced as soon as Monday, these people said. Read more...