Burger King Sold

Brazil’s 3G Capital Management bought the burger chain for $3.2 billion, plus the assumption of $800 million in debt. Because if there’s anyone who knows how to make a tasty burger, it’s the folks at 3G Capital Management.

Burger King has bounced from one owner to another over the years, as a succession of CEOs has failed to transform the company into a serious threat to McDonald’s.

It’s an odd time to spend billions in the hamburger sector, given that public sentiment against red meat seems to be growing. I wouldn’t be at all surprised to see the chain sold yet again in five years, and—at least in the United States—a significantly smaller company than it is today. Link.