Burger King Acquired by 3GBy Mayuri, Gaea News Network
Friday, September 3, 2010
WASHINGTON (GaeaTimes.com) — Burger King will be acquired by 3G Capital. The new potential owner of Burger King, 3G is backed by wealthy Brazilians that includes billionaire and former tennis champion whom Warren E. Buffett. With the new deal from a such a huge investment firm Burger King is set to be a strong challenge its competitors in the burger industry.
On Thursday Burger King announced its new agreement that valued approximately US$3.26 billion. In the last few years Burger King, the world’s second largest hamburger chain was facing an economic downturn.
We hope with this new agreement Burger King can come up in the market and provide us with more delicious menus.