Lord Bilimoria has secured a funding package worth about £15m from existing investors for international expansion ahead of an eventual outright sale. The Cobra Beer entrepreneur secured the funding after the collapse of talks with Diageo when the two sides could not agree on a valuation for the business. The Sunday Telegraph says people “close to the brewer” claim the company is likely to pursue an outright sale in the near future. Lord Bilimoria said the company was keeping “all options under review”. The Sunday Telegraph (Business) 07/09/08 page 3