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REPORT: Burger King Is In Talks To Buy Canada's Most Famous Donut Chain To Avoid US Taxes

Rob WileAug 25, 2014, 05:30 IST

The Wall Street Journal's Liz Hoffman and Dana Mattioli report Burger King is in talks to buy Tim Horton's to pull off a "tax inversion" that would allow it to avoid U.S. taxes.

The new holding company would be based in Canada, the pair report.

"One of the people said a deal between the two companies could be struck soon, though additional details on timing couldn't be learned," they write. "Together the restaurant companies have a market value of about $18 billion."

The deal would create the world's third-largest fast food enterprise.

Click here to read the full story on WSJ.com »