Jack in the Box Selling Qdoba for $350 Million

In this Feb. 17, 2008 file photo, patrons of a Jack-In-the-Box gather in its parking lot in Los Angeles. Jack in the Box is selling the Qdoba restaurant chain to private-equity firm Apollo Global Management for $350 million in cash. Photo: AP/ Ric Francis
In this Feb. 17, 2008 file photo, patrons of a Jack-In-the-Box gather in its parking lot in Los Angeles. Jack in the Box is selling the Qdoba restaurant chain to private-equity firm Apollo Global Management for $350 million in cash.

December 19, 2017 07:52 AM

Jack in the Box is selling the Qdoba restaurant chain to private-equity firm Apollo Global Management for $350 million in cash.

The chain of Mexican restaurants has been a sore spot on Jack in the Box's overall business, posting same-store sales declines throughout the last year. The San Diego burger chain has been weighing its options with Qdoba for most of this year.

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The Associated Press

(Copyright 2017 by The Associated Press. All Rights Reserved.)

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