Burger King is selling itself to 3G Capital for $4 billion, taking itself private for the second time in eight years. 3G sees Burger King as a turnaround opportunity; the fast food chain has been struggling in the weakened economy, and could be hurt by changing prices of beef and wheat. Burger King took itself private in 2002 and went public again four years later, but still underperformed compared to McDonald’s. 3G plans to open 500 more Burger Kings in Latin America in the next five years.
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