The Daily Populous

Tuesday November 28th, 2017 night edition

image for Arby's to acquire Buffalo Wild Wings for $2.4B in restaurant shakeup

Patrons cheering a sporting event at Buffalo Wild Wings (Photo: BUFFALO WILD WINGS).

Fast-food chain Arby's Restaurant Group said Tuesday it reached a deal to acquire Buffalo Wild Wings, which promotes the slogan "wings, beer, sports" in its advertisements, for $2.4 billion in cash.

The deal, which had been rumored for weeks, calls for Arby's to pay $157 per share in Buffalo Wild Wings stock.

Arby's Restaurant Group also will assume the debt of Buffalo Wild Wings.

"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.

Shares of Buffalo Wild Wings, known to many fans as BDubs, jumped 6.4% to $155.80 in morning trading. »

Internet should be open and free, and not cannibalised, says TRAI chairman R.S. Sharma

Authored by thehindu.com
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Telecom Regulatory Authority of India (TRAI) Chairman R.S. Sharma called for Internet, an important platform for India, being kept open and free, and not cannibalised.

“No one owns Internet... so, it should be open and accessible to everyone,” Mr. Sharma said, suggesting that service providers should not indulge in gate-keeping of this important platform.

The TRAI issued the much-awaited recommendations on net neutrality and has sought to bar telecom service providers from any discriminatory practice on Internet access. »

SpaceX raises $100 million and is now worth $21.5 billion

Authored by cnbc.com

In August, the space exploration company sold $349.9 million worth of shares, a Securities and Exchange Commission (SEC) filing showed.

That amount has now risen to $449.9 million, a new filing showed on Monday, adding an extra $100 million onto the current fundraising effort.

The SpaceX CEO said he wants to land at least two cargo ships on Mars by 2022. »