Hot off the presses! Today, 3G Capital, a Brazilian private equity firm, bought out Burger King for several billion dollars. 3G is backed by several Brazilian businessmen, including billionaire Jorge Paulo Lemann and his partners Marcel Telles and Carlos Alberto Sicupira.

The company already has major or partial stakes in Anheuser-Busch InBev, one of the world’s largest beer companies, Lojas Americanas, one of Brazil’s biggest store chains (akin to Target or Walmart), and America Latina Logistica, Latin America’s largest railroad company. 3G also has a small stake in Wendy’s.

Learn more about the deal from AFP in Portuguese. Then check out this video from Brasil Econômico.

http://www.youtube.com/watch?v=9Yy5jbhwl-U

Check Your Understanding

1. When will the official offer be brokered?

2. What is the reason the reporter gives for Burger King’s poor performance?

3. How much was the deal for?

Answers

1.  September 17th

2.  Losing out to competitors; high unemployment in the US

3. $4 billion