Burger King May Go To 3G Capital (BKC)

It looks like the King may be gone after all.

Earlier, it was reported that Burger King (NYSE: BKC) was in reports to sell itself to a group of private equity firms, including 3i Group PLC, a British private-equity firm.

Approximately a half hour ago, 3i came out and said it was not in talks with Burger King, pairing the gains in shares of Burger King.

Now, on CNBC, Andrew Ross Sorkin just announced that 3G Capital is in serious talks with Burger King to go private, and that the deal may be finalized as early as this week.

Shares of BKC are back up near the highs of the day, gaining 15% to trade at $18.92.

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