Cobra Beer bought by Molson Coors

Cobra Beer is sold in 6,000 restaurants in the UK

Cobra Beer has been bought by a joint venture between Molson Coors and Cobra founder Lord Karan Bilimora after entering a pre-packaged administration.

Administrators PricewaterhouseCoopers said the company had run into financial difficulties in the economic downturn.

A pre-pack is when a sale is agreed before the administrator is appointed and is carried out without the business being offered on the open market.

From BBC News. No idea how this would really affect the Cobra beer itself, but it would be a shame if it started to taste more like water Carling.