Burger King Sold to 3G for $4 Billion

Going Private

Updated Apr. 24, 2017 5:51PM EDT / Published Sep. 02, 2010 9:07AM EDT

Burger King is selling itself to 3G Capital for $4 billion, taking itself private for the second time in eight years. 3G sees Burger King as a turnaround opportunity; the fast food chain has been struggling in the weakened economy, and could be hurt by changing prices of beef and wheat. Burger King took itself private in 2002 and went public again four years later, but still underperformed compared to McDonald’s. 3G plans to open 500 more Burger Kings in Latin America in the next five years.

Read it at DealBook

Trump Team Scheming to Devalue Dollar if He Wins: Report

It’s an aggressive move designed to reduce the trade deficit—but risks losing the dollar’s coveted status as world reserve currency.

Bollywood Star’s Home Shot Up Over 1998 Killing of Antelopes

Two suspects in the attack reportedly belong to a gang from a religious sect for which the animals hold a special significance.

Alarms Went Off on Ship Hours Before Bridge Crash: Report

The Dali had not even left port when the alarms were triggered.

DOJ Gears Up to Bring Ticketmaster Antitrust Lawsuit: Report

The case could be filed as early as May.

Caitlin Clark Finally Learns Which WNBA Team She’ll Join

“I got a little anxious there before the pick,” Clark said after the announcement.

NY Philharmonic Benches Musicians Amid Sex Assault Scandal

Matthew Muckey and Liang Wang were fired by the orchestra in 2018 after a female musician accused them of sexual misconduct. They were reinstated two years later.

Prince Harry Loses Initial Bid to Appeal Security Ruling

Despite the ruling, Harry plans to fight on.

Clarence Thomas Mysteriously Absent From SCOTUS Arguments

The court declined to give a reason for the absence but said Thomas would “participate fully” in the cases through briefs and transcripts.

Burger King Sold to 3G for $4 Billion