Well this certainly didn’t take long. Canadian coffee giant Tim Horton’s has agreed to be taken over by Burger King. The price tag of the takeover? $12.5 billion. Warren Buffet put up $3 billion to help finance the deal, but will not have any say in the new company, who’s name is expected to be released by the end of business Tuesday.
For further break down of the “whopper” (sorry I couldn’t help myself) of a deal, here’s more coverage from CTV News.