> Warren Buffett Blog: Warren Buffett explains again the Burger King deal

Wednesday, September 24, 2014

Warren Buffett explains again the Burger King deal

"There isn’t a whole lot of intellectual property to transfer with hamburgers. This is not a case of trapped cash, it’s not a case of intellectual property. It’s a case of the larger company being in Canada."

Burger King earned net profit of $234 million on revenues of $1.14 billion last year while Tim Hortons made $429 million in net profit on revenues of $3.26 billion over the same period.