Seems like similar news of selling by Everstone parent group are resurfacing again in market, better wait for official news from RBA. Link to old news
Moving onto the other question in terms of merger/acquisition, we can take an example of Hero’s investment in Ather. Even though both are in same line of business, Hero has bought up 40% of Ather to get the EV edge as they know it will be the future. Similarily here in our case if Jubilant has to acquire Burger King I don’t think they will do so to kill the brand when it is so close to breakeven ( End FY24 ) or maybe to get the rights of Popeye’s.
Just to summarise, let’s stick by and see how this pans out instead of speculating on a repeating news 
Happy Investing !
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