The US$2.26bn cash sale of Burger King, the world’s second largest hamburger chain, to a private equity consortium was effectively given the go-ahead by a US antitrust review yesterday [Tuesday].
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The review had until Monday to object to the deal on the grounds that it would impair competition in related markets.
British drinks giant Diageo is selling its underperforming fastfood subsidiary to Texas Pacific Group, Bain Capital and Goldman Sachs Capital Partners on a debt free basis. The company explained that it would return some of the proceeds to shareholders and focus on growing its major drinks brands.
