Arby’s has announced a deal to acquire Buffalo Wild Wings for $2.4 billion. The cash transaction means that Arby’s will also assume Buffalo Wild Wings’ debt, reports USA Today.
"Buffalo Wild Wings is one of the most distinctive and successful entertainment and casual dining restaurant companies in America,” Arby's CEO Paul Brown said in a statement. “We are excited to welcome a brand with such a rich heritage, led by an exceptionally talented team. We look forward to leveraging the combined strengths of both organizations into a truly differentiated and transformative multi-brand restaurant company.”