Cult fans of Pabst Blue Ribbon Beer might not be surprised to hear that Pabst Brewing Co. could be worth $500 million to $1 billion, according to a report that says the company may be for sale. Pabst, which is based in Los Angeles, is owned by investor C. Pabst beer may be worth $1 billionabc11.com Love beer with $1 billion to spare? Then buy Pabst Brewing Co.: Talking BeerPenn Live A Billion Dollars of Beer on the Wall: Brooklyn's Beloved PBR Brewery Hits the ... New York Observer SF Weekly (blog) -Paste Magazine all 29 news articles »