Dave’s Hot Chicken has just been acquired by the owners of Subway for a whopping $1 billion. Sheesh. I wish this were a joke, but nope. Restaurant Brands International (RBI), which also owns major brands like Burger King and Tim Hortons,

Roark Capital, a private equity firm that also owns Subway, has acquired a majority stake in Dave's Hot Chicken for about $1 billion.

Dave’s Hot Chicken said Monday it has been acquired by private equity firm Roark Capital in a deal valued at $1 billion.