Source: Brand X Pictures / Getty
News broke today that private equity firm Roark Capital Group, who owns Arby’s and Cinnabon, has agreed to purchase Buffalo Wild Wings for $2.9 Billion, at $157 per share. Arby’s is owned by Roark Capital, which also has big stakes in Auntie Anne’s, Carvel and Jimmy John’s–the deal will take Buffalo Wild Wings private.
Sign Up For Our Newsletter!
While news of the Arby’s owner buying Buffalo Wild Wings wasn’t really too crazy to many people–who knows what that will actually change for the brand on a consumer level–people are paying special attention to one aspect of the story…how does Arby’s have 2.9 Billion to spend???
Of course, the actually story is that Roark Capital Group, who own Arby’s, are the ones who have $2.9 Billion to dish out–but the jokes must be made nonetheless.
https://twitter.com/ChuckFBlue/status/935540343533076480
The Latest:
- Tupac Shakur’s Estate Threatens Legal Action Against Drake Over AI-Generated Voice
- Brittney Griner Tearfully Recounts Her Harrowing Detainment In Russia In Upcoming Talk With Robin Roberts
- 5 Green Flags In Friendships
- Jeezy Accused By Jeannie Mai Of Spousal Abuse & Child Neglect
Arby’s To Buy Buffalo Wild Wings For $2.9 Billion was originally published on globalgrind.com
