AB InBev buyout of SABMiller advances

On Friday, Anheuser-Busch InBev's buyout of SABMiller took two major steps forward.

The deal was approved by Chinese regulators. That's the last major regulatory hurdle. SABMiller’s board also announced it would recommend shareholders accept an increased offer valuing it at $104 billion.

The combined company would account for roughly 30 percent of global beer sales.

Read more from The New York Times.