Report: 3G Capital in talks to acquire Kraft

Kraft logo
(Image credit: David McNew/Getty Images)

3G Capital is said to be in advanced talks to acquire Kraft Foods Group Inc., which will then be merged with H.J. Heinz.

A person with knowledge of the discussions taking place told Bloomberg that the Brazilian private-equity firm could announce the deal next week. 3G Capital worked with Warren Buffett's Berkshire Hathaway Inc. to acquire Heinz two years ago. Kraft closed at $61.33 in New York trading Tuesday, with a market value of about $36 billion.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

Continue reading for free

We hope you're enjoying The Week's refreshingly open-minded journalism.

Subscribed to The Week? Register your account with the same email as your subscription.

Catherine Garcia

Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.