News

Will Burger King go private?

August 31, 2010

A possible sale could be made for the country’s No. 2 burger chain. According to Reuters, Burger King Holdings Inc. has held talks with private-equity firms within the past few weeks.

Burger King has been a public company since 2006. Prior, it was owned by TPG, Bain Capital and Goldman Sachs for four years.

According to the New York Times, private investment firm 3G Capital is heavily involved in the negotiations.

The company’s market capitalization is worth $2.24 billion. There are 12,150 Burger King restaurants throughout the world.