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Arby's parent company is buying Sonic for $2.3 billion

Kate TaylorSep 25, 2018, 18:56 IST

Hollis Johnson/Business Insider

Arby's parent company, Inspire Brands, is acquiring burger chain Sonic.

On Tuesday, Inspire Brands announced that it is buying the burger brand for $2.3 billion, at $43.50 per share.

Inspire Brands was formed by Arby's earlier this year following the acquisition of Buffalo Wild Wings.

This story is developing.

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Arby's parent company is buying Sonic for $2.3 billion

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