Ryan Reynolds will retain an ongoing ownership interest in Aviation American Gin after selling it for millions of dollars.
Ryan Reynolds Pens Hilarious Out of Office Message After Selling Aviation Gin Company for $610 MillionRyan ReynoldsET has learned that Diageo, the world’s largest spirits maker, has reached an agreement to acquire the American style gin company the actor co-owned, through the acquisition of Aviation Gin LLC and Davos Brands LLC for an estimated $610 million based on sales over a 10-year period. A press release states that Reynolds will retain an ongoing ownership interest in the company.
"I want to thank Diageo for their incredible team and passion," he added. "We're so excited for the next chapter of Aviation Gin, which, I promise, will require just as little reading." In related news, I just learned what an ‘earn out’ is... And I'd like to take this opportunity to apologize to everyone I told to go f**k themselves in the last 24 hours. My lawyers just explained how long it takes to achieve an 'earn out'... so... turns out I'm not as George Clooney as I thought. The point is, to those listed below, I'm sorry... and I'll indeed be needing your help in the coming months and years.
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