Diageo Expects Burger King Deal This Month

1 min read
Opinions expressed by Entrepreneur contributors are their own.

London--Britain's Diageo expects to sell its Burger King chain this month to a Texas Pacific consortium despite the recent Chapter 11 bankruptcy protection filing of AmeriKing, one of Burger King's largest franchisees, according to industry sources. Diageo's period of exclusive talks with the Texas Pacific grouping ends at the close of the year, and sources added that Diageo does not expect the exclusivity period to be extended or other potential buyers to be invited to bid. -Reuters

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

It Started As a Joke and Turned Into a Startup That Raised $1 Million in Funding